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18 October 2024 | 0 replies
Huntsville ranked the best in this metric at only 14.1% of the median household income.However, the low property tax rate of just 0.41% of the median home value—the seventh lowest in the country—may seal the deal.
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17 October 2024 | 14 replies
@Moshe Cohen The easy answer is called "delayed financing" assuming you are buying/bought the property with cash.
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17 October 2024 | 20 replies
From my observations, most properties marketed by wholesalers are not “off market deals”.
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17 October 2024 | 4 replies
I have owned many properties in Westchester over the past 30 years, but it's best to make them fix the permitting or rip it out or use those things as a way to get a better price, which you won't get in Westchester.You only accept as-is bathrooms or basements without permits when you are going to do a full rehab yourself and can get a temporary CO.
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17 October 2024 | 1 reply
Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.
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17 October 2024 | 13 replies
I did a search on vacant properties and then did a drive-by test yesterday.
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18 October 2024 | 2 replies
The subject property is zoned Neighborhood Conservation (NC).
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17 October 2024 | 7 replies
You have no real estate investing experience, but you want to buy a 50-unit property?
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17 October 2024 | 6 replies
I’ve been learning about the industry / different regional markets for the past few years and am eager to execute my first deal in the near term and continue growing through this community.My primary goal is to purchase a property I can live in while generating rental income (e.g., a single-family home with a tiny house, a duplex, or a single-family property where I can install a tiny house).
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17 October 2024 | 2 replies
Changing the deed into an LLC will probably prompt the mortgage company to call the loan - you will have to pay the loan immediately because the property is no longer owned in the same entity that originally got the mortgage.