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5 April 2017 | 19 replies
Are there specific subjects you recall that were covered more than others?
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8 March 2017 | 96 replies
It just depends how well you invest whether you'll become "really wealthy" which by the way, is highly subjective.
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2 March 2017 | 21 replies
I would never pay retail but market price is subjective as the condition of the property could be as-is in shell condition.
6 November 2019 | 21 replies
Do I want to take it subject to or pay cash out right (see question 1).
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2 March 2017 | 6 replies
You may be subject to seasoning on title meaning you'll have to wait 6 months after you've been on title before you can cash out.Stephanie
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3 March 2017 | 5 replies
Once you cross into this world, your costs of raising capital go up significantly.Another downside with having "money partners" take equity in a holding company is that they become owners of all assets of the company (and inherit all liabilities).You could accomplish your objectives by simply forming a joint venture with an individual money partner on a per-property basis.If you have not done so, give Steven Cohen and George Dubé's "Legal, Tax and Accounting Strategies for the Canadian Real Estate Investor" a read - it's and easily digestible primer on the subject.
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2 March 2017 | 5 replies
Townhomes or condos - you are paying HOA fees each month which eats into your return and subjects you to special assessments.
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6 March 2017 | 13 replies
@Mukesh YadavFollowing are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business.
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2 March 2017 | 5 replies
He invests in properties as well so he's very knowledgeable on the subject.
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7 March 2017 | 13 replies
He also kept forwarding me Bigger Pockets emails as examples of subject lines that got him to open the email and ammount of information that is included per email.I am still reading the book, listening to all the podcasts from the beginning, and super interested to learn more about the different aspects of real estate!