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24 September 2024 | 4 replies
is what should you provide when dealing with a business.
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26 September 2024 | 7 replies
They assess when the HOA does not have the reserves to pay for it and then owners all share the cost.
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26 September 2024 | 9 replies
The properties themselves are often different, maintenance costs are different, purchase prices are different, utility costs are different, etc.
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29 September 2024 | 2 replies
Hi Prasit,To transition from agent to acquisition manager, here’s the quick path:Leverage Your Agent Skills: Use your market knowledge, negotiation experience, and connections to find and analyze deals—key acquisition manager skills.Wholesaling Experience (Optional): Wholesaling can help build your deal-finding and analysis skills, but it’s not necessary if you can transition directly using your agent background.Training: Consider certifications like CCIM for commercial real estate or courses on platforms like BiggerPockets to sharpen your acquisition expertise.Network: Connect with investors or real estate firms to gain insights and potential job opportunities in acquisitions.Let me know if you need help with financing as you move forward!
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27 September 2024 | 4 replies
.- Buy a multi-family home - I've seen some for as low as $250k, but I'm sure there will be different deals by the time I'm ready to pull the trigger.- Take out an FHA loan for 3.5%.
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27 September 2024 | 9 replies
For context, (1) the property was in poor condition when I acquired it, and (2) I’m a passive real estate investor.Here are my expenses:- Travel (~$2,000) and meals during travel ($500)—I understand only 50% of meal costs are deductible.- Gardening maintenance (just to prevent the grass from getting too high, not an improvement).- In-year tax consultation ($300).- Commission to my buyer’s agent ($300).- Insurance premium ($1,000).- Insurance deductible following a claim ($1,000).I believe the property won’t begin to depreciate until it’s in service, which seems to align with how TurboTax is set up.
29 September 2024 | 4 replies
Now, you need to figure out how to find deals and pay for them.
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24 September 2024 | 5 replies
IM located in PHX,az and would like to know the name of this deal scenario where buyer agrees to pay off completly sellers loan balance, for example , lets say seller owes $50k on a $350k home buyer agrees to pay seller that $50k and is the new owner of said home.
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30 September 2024 | 8 replies
We are also going to be co-owing with 2 other families.You can save on some costs by purchasing initially in the name of the LLC.
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26 September 2024 | 13 replies
Secondly you have to be very quick and know when it is a good deal.