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9 January 2025 | 9 replies
I have done a lot of research in preparation for my first real estate purchase but I haven’t heard any mention of banking services that stand out.
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8 January 2025 | 22 replies
@Guillermo PerezPositives:- Equity Built: You now have $70K in equity, which is a solid result for your first deal.Cash Flow Potential: If the property rents well and covers your debt service while providing some cash flow, that’s a win.- Experience: You’ve successfully navigated a purchase, rehab, and refinance, which are the core components of BRRRR.Considerations: - Budget Overrun: Being $27K over budget highlights the importance of tighter cost estimates and contingencies.
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3 January 2025 | 3 replies
Thank You for your service.
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15 January 2025 | 144 replies
There’s been a lot of “dumbing down” of financial services and coaching in the last 5 years.
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10 January 2025 | 17 replies
This area definitely gives you good weather year round, summertime gets hot so as long as you're getting systems serviced before then and then in the fall you're usually ok.
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13 January 2025 | 15 replies
hard money is typically: some amount down + points to get the loan + interest to service itso if purchase price is $325K, you might be able to get 10-15% down from your own cash + the HML for the restit's not clear from your post what is going where
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7 January 2025 | 0 replies
If you’re placing a new property into service, you can discuss cost segregation studies.
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4 January 2025 | 11 replies
I'm not sure if we can like to articles on our own websites here, so to be safe I'll just suggest the IRS web page, which does do a pretty good job of explaining the basics: https://www.irs.gov/taxtopics/tc510The main thing to know if you're going to claim business miles is that you do need to keep a log of every business trip.
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3 January 2025 | 3 replies
At about half of my properties I provide quarterly exterior pest control services.
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3 January 2025 | 11 replies
After that is returned, I do a background check through Transunion or a similar service.