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10 August 2024 | 14 replies
I'm a new RE investor in general and my intention was to shop around here if anyone is wiling to offer a better rate than my current one.I mean no harm/offense to any lenders out here, but I thought it would be a 'fun' post to do to attract some attention and traffic.
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9 August 2024 | 2 replies
I currently build about 80 units per year with the intention of keeping as many as possible.
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10 August 2024 | 7 replies
Even an agent won't typically do these unless you hire them to place a tenant.You seem intent on being cheap, thinking you have to be to save money.
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12 August 2024 | 37 replies
ANd they dont care about their credit and make sure their is no deficiency judgement there are bad actors out there that will intentionally not pay the mortgage and rip the rents until the bank forecloses a few years down the line all the while creamting the original sellers credit and frying their nerves and freying their marriage.
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12 August 2024 | 30 replies
I like this one especially the creating a business partThe failure rate for persons who start business's for intent and focus of making $ is astronomically high.
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8 August 2024 | 2 replies
Hello all,Business is going well, and most of you know me as an investor focused Realtor in Omaha and in the next couple months I have the amazing opportunity to scale that business exponentially as the Acquisitions Director for an amazing Real Estate Company (more info to publish later) but I am actually seeking recommendations for a good real estate tax professional who serves the Omaha area.Basically I am already formed as S Corp but I am forming an LLC (potentially under my S Corp) with myself and the contractors I work hand in hand with to renovate properties with the intent of serving under one "legal" roof when we assist investors in finding and renovating properties for investors and want to make sure we set ourselves up as strong as possible.Any recommendations?
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9 August 2024 | 16 replies
I will avoid this $37,250 tax bill if I sell it now (I believe it's taxed at 15%).It was my intention to hold this property for a very long time (10+ years) as Austin was been appreciating nicely, and it's cash flowing at ~$750/mo.I don't plan to buy any additional properties at the moment.
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9 August 2024 | 8 replies
If you feel they're being too harsh, think about their intent.
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8 August 2024 | 4 replies
You do not qualify for that.The rule for doing a 1031 exchange is that the property is being used for investment or held with the intent of using for investment.
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9 August 2024 | 13 replies
Your intent must be to hold for productive investment use.