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19 July 2024 | 6 replies
They often have great intro bonuses which can be like free money if you were going to spend the amount needed to get the bonus anyways
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15 July 2024 | 8 replies
I think if you set up a brokerage account with the same bank that your business checking account for the LLC is at, you can simply move the money from the checking account into the brokerage account and then purchase something. like USFR, which pays 5.4% in T bills with zero risk of loss or BKN which pays 5.7% in tax free Municipal bonds if able to tolerate some risk (this gives me a >9% tax effective rate on my cash).
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17 July 2024 | 4 replies
Here is our first deal:- We each hold 50/50 of the property on the title (I contributed 80% of downpayment, and he was supposed to contribute 20% to the downpayment, and we got a hard money loan)- after we sold the property, I had to fill out the 539 form for withholding tax in CA.- The partner brought in a cash contributor for his portion (let's say A, who got 50% of my partner's profit, basically 25% of the profit) to the deal and put a lien on the property.
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18 July 2024 | 23 replies
If you'd like the contact info for my agent here in Austin, feel free to PM me.
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17 July 2024 | 2 replies
For example, there is a 2% or so transfer tax to be paid to the municipal and state governments.
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18 July 2024 | 5 replies
Just wanted to get a pulse from this amazing community on market potenital in these cities and specific neighborhoods, etc.As a side note, if you work in these cities as a cash buyer, investor, title company, realtor, property manager and are investor friendly, feel free to reach out!
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16 July 2024 | 18 replies
Feel free to connect, I'll be happy to help you where I can.
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17 July 2024 | 4 replies
Cons:Lower Cash Flow: Properties in cheaper markets often have lower rental yields because I have to pay taxes, insurance, CapEx.Market Risk: Cheaper markets might be cheaper for a reason, with slower appreciation and higher vacancy rates.I won't fix my foundation.
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15 July 2024 | 11 replies
Feel free to reach out directly if you want to talk anything through.
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17 July 2024 | 9 replies
Instead of selling your place outright and getting hit with a massive tax bill all at once, you play the bank and provide a loan to the buyer.