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15 September 2020 | 5 replies
Will keep all banking records.Will the cash out portion's interest of my refinancing still be tax deductible under Schedule E of my tax return?
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17 September 2020 | 4 replies
@Jon Avery The Joe Fairless meetup is a great place to start: https://joefairless.com/best-e...
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22 September 2020 | 6 replies
I e-mailed it to them and said it should make things more clear as to why they were not entitled to any of the SD back, but they could contact me if they still had questions.
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14 September 2020 | 0 replies
"Amazon is adding more than 1,700 full- and part-time jobs in the Austin area, the e-commerce behemoth announced September 14.""
21 September 2020 | 7 replies
Why rent when t(e government will make it almost impossible for you to evict?
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16 September 2020 | 7 replies
@Brad E. that is really strange $700k is a ton for a mobile home even if it is on acres and acres of land, without knowing the details it is tough to say, you can always decline to offer due to lack of comps, but it is just a weird situation all the way around.
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17 September 2020 | 16 replies
From my understanding the LLC won't provide the protection that most believe it will and since you can use the QBI tax rule on a schedule E, there may not be a benefit tax-wise either, so double check that.
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16 September 2020 | 1 reply
Usually they do since an appraiser will usually want to see I&E, but he's not going to parse it to the $0.01.I think if you make more NOI self-managed, he'll assume that is OK.Goal is to generate a CapRate (which I detest as a metric) for comparison sake,
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13 October 2020 | 11 replies
E-trade for my example.
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13 August 2012 | 9 replies
(I cheated and used my Deal or No Deal Real Estate Calculator and e-mailed myself the results but this should explain it by numbers:)Purchase Price:$100,000.00Estimated Repair Costs: $5,000.00Total Investment: $105,000.00Mortgage Amount: $75,000.00Cash Required: $30,000.00(Out of Pocket Money Required)Estimated Gross Operating Income: $1,200.00(Estimated Rent per month) Monthly Expenses: Vacancy Expense (%): 5.00%Management Expense (%): 10.00%Repairs & Upkeep (%): 10.00%Adjusted Rent per month: $900.00Property Taxes (Year): 1,100.00Insurance (Year): 900.00Additional Expenses: 0.00Cash flow before Debt Service (Month): $733.33Debt Service (Mortgage) Loan Term (Years): 20.00Interest Rate: 4.000%Mortgage Payment (Month): $454.49Monthly Cash Flow: $278.85Yearly Cash Flow: $3,346.18Annual Return on Investment: 11.15%Now, the 50% rule of thumb is a conservative approach to evaluate whether or not a buy and hold deal will cash flow.