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19 February 2013 | 7 replies
Some feedback on your plan: level of comfort with how much you owe is a personal thing, but one thing you could do to go faster is to leave the financing in place as you add properties, then once you've reached the requisite number of properties, attack the mortgages until they are paid off.
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21 May 2013 | 1 reply
I have 4 questions, dealing with two people, Person "A" and Person "B"1) How much property-level landlord insurance should one get, assuming: The properties in question are all value of ~$250K average with 20% equity (~$50K equity value).
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21 February 2013 | 15 replies
The major issued are: It needs leveling (block and beam) It looks like it pretty easy to level, and the beams underneath look pretty good, no termite damage.
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11 November 2013 | 42 replies
Competing for grants and other monies from foundations and the govt is a whole 'nuther level that requires ongoing efforts by professionals in the grant writing field.The B Corp appears to me as a feel good pseudo entity at this point.
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19 February 2013 | 13 replies
Everybody has to find their own level of acceptable risk.
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11 December 2014 | 11 replies
The usual misunderstanding from street level investors is that "bulk" or "pool" also implies some significant discount, like Sam's Club.
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3 February 2015 | 43 replies
The tax above that I think everyone was referring to was not UBIT but rather UDFI which unrelated debt financed income tax which Dmitriy mentioned is a tax incurred upon leveraged investments within a qualified plan to make sure investors who utilize debt are on par with others in taxed environments who use debt/leverage.As far as I've researched the soloK is not subject to UDFI (buying real estate passively with out active trade or running a business inside your soloK) but if your running an active business inside the qualified plan then that is the realm of UBIT which aims to level the playing field with businesses operating within the confines of a qualified plan with those not in tax advantaged environments to keep parity.I've been researching these for my family members and have no qualified plan so there's no interest in these personally other than to help.
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5 March 2013 | 12 replies
I'd give the same advice to new people today as well, if you can't eat off RE starting out, go get with a good insurance company, get a pay check, learn people and sales skills, some finance issues and how to present ideas over a kitchen table.
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12 November 2018 | 32 replies
After reaching a certain income level both of these begin to phase out.
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21 February 2013 | 14 replies
I should have posted the second part of my plan to get the money to fix up the property to a acceptable level for rental.I was planning on taking a personal loan out using the property as collateral, therefore providing the money required to fix up the place.