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6 November 2024 | 6 replies
One option you might try is to go to Bi- Weekly Payments, this way you collect on the same cycle as their paychecks.As long as both of your tenants still have their jobs, I would ride it out, the 2nd thing is how are they maintaining the property, are you going to have to spend thousands of dollars on repairs because of damage to the property.
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6 November 2024 | 8 replies
The seller got to keep the buyer's money that was paid upfront, and was effectively in the same place they were before they sold, except with several million more dollars in their pocket.
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7 November 2024 | 45 replies
I am willing to be dollars to donuts that most of your Section 8 tenants are able-bodied humans intelligent enough to get a job and pay their way through life, but they somehow manage to milk the system.
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7 November 2024 | 7 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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6 November 2024 | 22 replies
Especially in Connecticut, a state in 1 Billion dollars of debt, it's hard to imagine companies being excited about moving into the area.
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5 November 2024 | 12 replies
Umbrella policies are usually only a few hundred dollars per year.Good luck.
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5 November 2024 | 15 replies
@John Morgan, unless your net worth is more than 1 million dollars.
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9 November 2024 | 44 replies
When used correctly a zombie property can be purchased for pennies on the dollar and then the hidden equity can be released via a quiet title action.
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6 November 2024 | 13 replies
Now he uses property managers and I would bet dollars to donuts those professionals aren't offering cash for keys.I have 15 years experience managing 400 rentals and I have never offered cash for keys.
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8 November 2024 | 22 replies
Now I did refi a few to pull money out to help my growth along the way.But essentially I turned a 43k heloc into a portfolio that, had I not sold any properties would have been worth well over 16million dollars with loans of close to 7million.