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5 November 2024 | 29 replies
Did you have any personal bookkeeping background before moving to Baselane?
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5 November 2024 | 5 replies
I am in a position I am not exactly sure of the best strategy to take.
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22 November 2024 | 5 replies
Quote from @Corey Gelineau: The inspection contingency is used to legally back out of a contract due to the property being in an unacceptable condition upon inspecting the property.
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6 November 2024 | 21 replies
I love to see others growing so much in the field I hope we can connect in the future!
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22 November 2024 | 4 replies
I’m also wondering if there are any wholesalers who focus in this area / NorCal?
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31 October 2024 | 19 replies
Because Chicago is amazing in the sense that it has prices at all levels and tons of old inventory in need of renovation (if you want to renovate).Networking in person was the biggest help for me to get started.
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31 October 2024 | 0 replies
Although the concept of a remarketing campaign has been around for over a decade, it often only gets a small mention in various courses.
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1 November 2024 | 8 replies
I’m a hands on type of person so I will be focusing on properties in and around Tampa, Florida so that I can be up close and personal and learn as much as possible.I’m excited to be a member of this community and I look forward to exchanging ideas, strategies, and gaining knowledge from all of you as I dive deeper into this exciting world of investing.
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4 November 2024 | 12 replies
Just speaking personally, and not knowing anything about rank breeze, I don't think you need any other platform to help you out unless you have a horrible location?
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)