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17 June 2024 | 5 replies
I am planning and preparing so I can purchase a 4-plex in a little over a year, just want to know if any of you have some YouTuber recommendations outside of BP.
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17 June 2024 | 13 replies
I plan on attending some other county auctions this year and branching out from just Charleston.Overall, though, I don't think its an efficient way to obtain properties.
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17 June 2024 | 8 replies
I took out the LLC and contact info since I didn't ask if I could share it. too small. we stay in the single family, triplex, and then 150+ units and above 10 million in construction values to get to instittuuioal level capital and income. you need to underwrite 3 million dollar checks. he's probably raising from friends and families on his first deal but I wouldn't touch a deal with my own money without non recourse debt or a clear development plan and exit.
17 June 2024 | 8 replies
If you don't have any of those, then just make sure you have backup plans.
15 June 2024 | 7 replies
Granted there is some peace of mind having a tax attorney cpa sift through our financials and dates and lay out for us various plans.
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15 June 2024 | 17 replies
Beyond that, if you plan on your properties to be property managed, you will be paying 10% of your gross income to the property manager.
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17 June 2024 | 2 replies
If you plan to sell within a few year of making it your primary then don’t do the exchange until a couple years before you move in.
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17 June 2024 | 10 replies
It's up to the City and their zoning/planning requirements.
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17 June 2024 | 4 replies
If everyone is on board with the plan to wholesale the deal, you are responsible for finding an end buyer and assigning the contract.
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18 June 2024 | 16 replies
As far as being able to use your Roth you should be able to, or at least buy into a fund, but contact your plan administrator to find out for sure.