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23 January 2025 | 31 replies
You can simply use a free or occasionally paid coworking space when a meeting room is needed.To quickly zoom in on needing a meeting room: a thing to have in mind is that meetings here in Spain a lot of times are done during lunch with a decent priced menu of the day (the Spaniards immediately know what I mean).
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31 December 2024 | 3 replies
Their debts would include not just car payments, student loans, and credit card payments but also things like child support paid.
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11 January 2025 | 67 replies
Once you have the number of homes you want, you pour your cash flow and extra income into the smallest mortgage until it is paid off, then you move to the next and create a snowball effect.
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4 January 2025 | 11 replies
@Steven CatudalWhat was the prior valuation compared to what you paid for it?
3 January 2025 | 10 replies
The rental (SF) is paid off i.e.
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31 December 2024 | 3 replies
@Mike Richards You can deduct real estate taxes in the year they are paid, not when they are due.
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3 January 2025 | 3 replies
But basically with a construction loan you will need to have considerable cash involved - most costs need to be paid for and then the bank will reimburse at certain checkpoints.You may want to start with some smaller value adds inside the existing house to maximize rent from the house hack.
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10 January 2025 | 13 replies
This way I get paid upfront for my work 1-2k plus I know I have another payday at some point in the future if the deal closes.The costs to fully develop a property and sell for near retail usually involves the costs below and takes 2-6 months or more in some cases, but the profits can be huge if you're working in markets where land costs are high:Title 200-400Legal 500-2000 depending on zoning issuesIf wetlands are present AND its a buffer zone project: 2000-5000Perc & septic design if needed 1500-3000Treescaping & cleanup for retail sale 500-1500Selling costs of 6%I tend to stay clear of properties that need more than the above expense items.
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2 January 2025 | 10 replies
I hope you haven’t paid them any money.
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3 January 2025 | 7 replies
We paid $1.775 million for the notes, worked out a modification with the borrower, and received the first 5 monthly payments relatively on time.