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17 April 2024 | 34 replies
The "old dogs" there keep their mouths shut unless it is to ask for money.My advice is to run from that program, and invest that money is online education, on well known resources such as the Kent Clothier reww system, this Biggerpockets forum, the cheap and inexpensive marketing programs from John Cochran, Chris Prefontaine or many others that will help you to get started without having to spend tens of thousands of dollars on mentoring of people as little genuine as the Groves.In summary, Phil Grove's program will not work for 95% of the people that enroll on it, and out of the other 5%, it will mostly help those that end up in Phil's team.
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14 April 2024 | 4 replies
Is there an inexpensive way to do a reverse lookup or any better advice you would suggest?
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15 April 2024 | 12 replies
It's an inexpensive market, but don't fall for cheap opportunities that look good on paper and details left out concerning the location and the vacancy rate.With the proper guidance, you can grow a successful portfolio with the right team.Feel free to connect if you have questions.
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13 April 2024 | 26 replies
If you're open to out-of-state investing and looking for an inexpensive market that produces strong cash flow, I recommend checking out Cleveland, OH.
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12 April 2024 | 3 replies
Or any laws on the time frame?
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12 April 2024 | 7 replies
You will need to big picture things like, house area/neighborhood, size, costs, timeframe etc.
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12 April 2024 | 5 replies
. $40k also sounds very inexpensive and likely unpermitted so just be on the lookout for drive-by inspectors and make sure your contractors have proper workers comp.
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11 April 2024 | 8 replies
I know they can be financed just like a stick built construction loan, however, my credit union is not doing construction loans right now and does not have a time frame for when they will (SECU).I want to use the land as down payment if possible and finance the modular and the site prep for it.Looking at getting a new modular duplex or a SFH.
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11 April 2024 | 2 replies
., 17.5 years remaining for residential property).New Schedule: Simultaneously, start a new depreciation schedule for the additional cost basis attributed to the replacement property, following standard timeframes (27.5 years for residential, 39 years for commercial).Option 2: Treat as New AssetCombined Basis: Treat the entire cost basis of the replacement property (carried-over basis + additional funds invested) as if it were a newly acquired asset.Single Schedule: Depreciate the total cost basis over the standard timeframe for the replacement property type (27.5 years for residential or 39 years for commercial).If you choose option #2, you need to file an additional form (4652) with your tax return.
11 April 2024 | 0 replies
I can do most of the work if I needed to but for timeframe reasons, I'll probably hire some of the work.