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17 April 2024 | 1 reply
So, simply delaying closing a few weeks eliminates the issue entirely.
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16 April 2024 | 5 replies
And that is that by selling you also eliminate the opportunity to keep using the depreciation of that property to offset your other income.
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16 April 2024 | 9 replies
Apartments.com charges $90 to syndicate the listing - not worth it.Use zillow or apartments.com to collect your rent via ach - way smoother than getting checks or cash.
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18 April 2024 | 33 replies
Starting in 2014, the fee for the Annual and Lifetime Commercial Activity License will be eliminated for all businesses."
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21 April 2024 | 240 replies
If only I could get a dollar $ for every time an investor asked me that question.You see guys, it's quite simple.Since our price points are super low (Only $60,000 - $80,000).Most of our investors have more then enough cash to purchase quite a few homes fairly quickly.Thus, we don't have a need to wait for 6-8 weeks to hopefully get the deal across the line via financing.To be honest, we also hate working with lenders and appraisers.Most of them drag their feet and appraisers are super conservative these days due to the Fannie Mae guidelines that were introduced after the fiasco of the Global Financial Crisis.So they are known to intentionally use foreclosed comparable sales to under-appraise properties just to protect their own A$$.This isn't genuine and I've always believed that if you can't fix something or make it better.You need to eliminate it.That's why we have eliminated all financing when buying through our company.I'm sorry.Now, for all of you thinking that you are getting a turnkey property as a "safer" investment for "fair value" just because the turnkey provider offers financing.Think again.After being in real estate for 10+ years and buying/selling over 500 properties world wide.I have seen all of the dirty tricks.An easy one is to influence the appraiser by smudging their eyes with supposed work performed on a house that never really was.Like a "converted attic", "newly installed HVAC", or a "rehabbed garage", etc...Most are too lazy to check these items and will just mark them on the sheet as "done".All of these items would unjustifiably increase a properties value in the thousands if not tens of thousands of dollars.At the end of the day, there are always going to be bad apples no matter what.Your job is to find the good ones.No matter how you decide to invest (With cash or financing).Find the right team and you will do well.Find the wrong one and it will end in disaster.I wish you all much success and thanks for reading.ps.
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16 April 2024 | 5 replies
This could potentially reduce or eliminate your state tax liability on the property with a gain.
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17 April 2024 | 17 replies
You can you passive losses to neutralize/eliminate passive income.
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17 April 2024 | 22 replies
It doesn't have to be perfectly defined - for example you can have more than one market - but once you have a general criteria you can gather a list of Sponsors, eliminate those that don't fit your criteria, and then begin to interview them / some of their investors to make your final decision.
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16 April 2024 | 3 replies
That alone probably eliminates most people.
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15 April 2024 | 10 replies
Some platforms offer free bank transfers (ACH), some charges payment or subscription fees.A few options for you to consider: Azibo, Avail, Innago, Apartments.com, Hemlane, Turbotenant, Rentredi, Tenant Cloud, eRentpaymentHope it helps!