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28 July 2024 | 9 replies
In that situation, would you just try to find someone trustworthy enough to give you a referral fee say, instead of a formal contract assignment and have them just write up the offer so you aren't tied to it?
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28 July 2024 | 12 replies
But why would you buy one property in an area you are likely to leave and then have to manage a one-off (not cost-effective)?
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28 July 2024 | 5 replies
I decided to write a review about Paul McGraw’s program because I hate when people review products or services they actually didn’t even buy.
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27 July 2024 | 108 replies
I would slowly sell the properties off.
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30 July 2024 | 8 replies
Tax advantages, cash flow, appreciation, both, etc.
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30 July 2024 | 12 replies
You need to look at the expenses (mortgage, insurance, property taxes, etc) and income.
30 July 2024 | 2 replies
If you have a loan that's not current and in good standing at present, any financing is probably off the table until you cure.
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30 July 2024 | 2 replies
Essentially, the cap rate is the proportion of Net Operating Income (NOI) to the property's value or selling price:Cap Rate = Net Operating Income (NOI)/Property ValueThis ratio offers a direct method to evaluate the yield a property generates in relation to its cost.For advanced real estate investors, integrating additional factors might prove beneficial:Vacancy rate: The duration the property remains vacant.Operating expenses percentage: Includes insurance, utilities, and maintenance costs (excludes mortgage payments, depreciation, or income taxes).The adjusted formula for net income, incorporating these considerations, is:Net Income=(100 − Operating Expenses %) ×(100 − Vacancy Rate %) × Gross Income
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26 July 2024 | 4 replies
I'm looking to buy a home now but larger banks such as NFCU seem to want tax returns that show lower DTI numbers, which is causing me issues as the accountant provided substantial writeoffs on my returns.
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31 July 2024 | 37 replies
The arbitrage crowd that watches pod casts saying how cheap and easy it is continue to try and fail only to sell off all that furniture they just bought.