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28 May 2024 | 26 replies
I would ask the lender you applied with to disclose how they calculated your DTI... sometimes they fail to add back in depreciation or deduct costs from your schedule E like tenant turnover, improvements, etc. that shouldn't be included in the DTI calculation.
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25 May 2024 | 0 replies
Cory Nemoto with Keco Capital, but make sure you have enough juice in the deal.
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26 May 2024 | 8 replies
A full rental P&L such as seen on Schedule E?
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31 May 2024 | 149 replies
The first 699 E Gold Dust, San Tan Valley AZ comps around 375K and I purchased for 393K so I'm lost about 18K equity by purchasing.
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28 May 2024 | 68 replies
Once again she e-maild me back this...
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26 May 2024 | 14 replies
Letting go of that slice of control is hard but once you do it's quite freeing which is hard to put a price on in my opinion.You must have read e-myth by Michael Gerber!
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31 May 2024 | 111 replies
Thanks So I did put my CPA and attorney together to create this structure.Everything rolls up under my personal tax return and there is a schedule E for every property.
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24 May 2024 | 6 replies
If it is on one tax lot, it would be recorded as one property on your schedule E.
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23 May 2024 | 2 replies
Some would say that is dumb as leverage juices up the return, and I can make more money by leveraging, and yes that is correct.
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24 May 2024 | 9 replies
You’re likely going to be on the hook for S/E income on it once be depreciation and losses have been exhausted, so, just be cognizant of the overall picture!