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4 April 2024 | 1 reply
Welcome to A Skeptical Dude’s Take on Real Estate: a frank, hopefully insightful, dive into real estate and financial markets, from one real estate investor to another.
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3 April 2024 | 12 replies
I am also in a similar situation.
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4 April 2024 | 2 replies
You can get top dollar likely, but it still needs to be reasonable and comparable. if it’s a declining town with not many attractions or amenities, then it’s likely there’s no rentals available because nobody wants to live there. mot sounds like you may be describing more situation #1, in which case it’s a ripe opportunity if you can get a deal on a property
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4 April 2024 | 0 replies
This strategic move paid off handsomely as we were able to command higher rents than initially projected.Here are the key financial details of the deal:Purchase Price: $270,000 (jointly with a partner)Financing: Obtained a commercial bank loan with a 30% down payment, 7% interest rate, and a 20-year amortization period.Initial Rents: $1050 and $1250Current Rents: $1400 and pre-leasing for $1500 (making it a 1% rule deal!)
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4 April 2024 | 5 replies
Without knowing the situation I believe she is just unaware of the true cost of the WC.
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5 April 2024 | 9 replies
What I am unsure about is if the whole 60-40 rule around payroll deduction vs owner distributions within an S-Corp can still apply in this situation if the filing entity will only be the S-Corp but the payments are made out of LLC #1, the disregarded entity owned wholly by the S-Corp.
4 April 2024 | 5 replies
When financing your new home, get pre-approved for a mortgage before listing, showcasing your financial strength to potential sellers.
3 April 2024 | 3 replies
This has been keeping me up at night every night and I can’t find the right answer for my unique situation.
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4 April 2024 | 1 reply
I kindly ask for 5 minutes of your time to fill out this questionnaire on tenant evictions.Landlords often face risks when leasing properties since the cost of evictions can leave a huge burden on the owner when accounting for legal fees, court costs, financial damages, property damages, and lost rent.
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4 April 2024 | 0 replies
Our home is situated within a gated and secure development that is a short 25 minute walk to the center of SMA, the heart of the city.