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16 February 2024 | 20 replies
I believe there are less than 1,000 people in this country who earn more than $100K in profit wholesaling over the last two years, and even that's hard to accurately pinpoint, because most wholesalers, excluding the folks who sell expensive courses, tend to have larger holistic real estate businesses, that include flipping, hold, private lending, turnkey rental sales, construction, and other related businesses.
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17 February 2024 | 40 replies
The properties were fully rented and totally rehabbed last summer.
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16 February 2024 | 3 replies
For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.
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16 February 2024 | 5 replies
Last year, I ended up $12k short.
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16 February 2024 | 46 replies
We've even had two separate groups in town for a dog competition -- the last group had seven dogs with them!!
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14 February 2024 | 5 replies
- Sales Price $720,000- Down Pay: 15% $108,000 (higher down payment reduces your risk)- Balance owed: $612,000- Int Rate: 6.75% (nice spread on your cost of money at 2.5% - Arbitrage)- P/I payment: $3,969.42- make the buyer pay T/I in their escrow payment thus increasing payment- Hold period - 5 years- Additional Interest earned = $203,884 (No Longer a Loss)- No Rental Management needed- No repair costs- You can still deduct the interest on the underlying loan as an expense - ask your CPA- Monthly income without the hassle ($400-500 each month, more if there's T/I escrow)I'm in NM and do these all the time.
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16 February 2024 | 22 replies
Plans to were announced last month to invest $2B into the cities airport in anticipation of the population/business travel growth.
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16 February 2024 | 3 replies
I bought a STR last year, and if I file now, I get 80% bonus depreciation.
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16 February 2024 | 8 replies
Hello, I purchased a rental last December in 30080 in GA - I had my RE agent run comps and she said it is roughly worth 30-40k more than when I bought it.
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17 February 2024 | 29 replies
., lol…I couldn’t find any numbers from the last 3 to 6 months because none of the lots near this house have sold that had houses on them that needed to be torn down… so it’s nearly impossible to find the exact same situation, but I will call a realtor this week and see if they will run some numbers for me.