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25 June 2019 | 0 replies
Our monthly portion of rent covers the mortage but cash flow is essentially zero (we profit maybe 100 bucks a month).I have always viewed this as a free ticket to eventually owning the house, we will pay off the mortage in 7 years and then the rent would be "free money".
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29 June 2019 | 5 replies
Depending on how bad is the foundation state (how many inches you have to correct), is very possible the sewer line will disconnect/break in the horizontal portions.
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12 July 2019 | 14 replies
Buuuuut, on page 3, which is where the company-authored portion begins, it states: "This contract creates a mortgage or lien against your (Owner's) property to secure payment and may cause a loss of your property if you fail to pay the amount agreed upon."
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29 June 2019 | 8 replies
From a strictly cash flow perspective, not ROI, Cash on cash, etc where you would benefit from the leverage, paying an expense such as mortgage interest only puts a portion of that back in your pocket on taxes.
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28 June 2019 | 3 replies
Fairly new to this and although I understand how to run most of the critical calculations to analyze the deal the part I am struggling with is understanding the best methodology when it comes to the "Refinance" portion of the deal.There are (2) extremes:Option 1: Take the full LTV that is offered even if it means running cash neutral/negative as it is buying the next house and the combined income of the (2) houses versus one is more than just the one.
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16 July 2019 | 3 replies
What are some options for their ability to request repayment of their contribution plus their portion of the appreciation?
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11 August 2019 | 3 replies
I'm looking to buy my first property and house hack and ideally remodel a portion of the house to add value and pull the money I used to remodel back out after refinancing.
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1 July 2019 | 53 replies
. - the idiot lawyer who set your business up as an S-Corp probably was under the impression that you were a serious investor (based on your acquiring a property at 10k and rehabbing it/ there’s a name for that strategy you know) and was trying to save you money by structuring your business such that you could pay yourself a portion of your profits (and pay taxes on only those payments), while retaining the remaining untaxed portion.
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27 June 2019 | 2 replies
@Chan Reagan, If your accountant is able to separate out the primary residence portion from the investment portion.
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28 June 2019 | 1 reply
One title company says we can't file an advise possession suit.. file partition or sell and put the missing heirs portion in the registry of the court so they can collect later..