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11 July 2019 | 14 replies
Communication with landlords is actually one of the top complaints with renters, so making sure you are professional and helpful in that respect will be essential starting out!
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12 April 2019 | 0 replies
The best thing that came out of our $1000 stupidity tax was the idea that we would go into business together and essentially pay off our student loan debt.The appealing world of wholesaling seems to be the best bet for us financially.
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18 April 2019 | 7 replies
Essentially we are on the verge of our AGI being in the low $60,000 range and hoping to get the savers tax credit, which would be $2,000, so aside from us saving the additional taxes by showing more losses from our rental properties, we have a tax credit in play...
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15 April 2019 | 0 replies
Essentially a 10% cap rate.I have investor who wants to pay cash for deal and am trying to figure out best way to structure so we both win as I’ll be the operating partner.
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15 April 2019 | 4 replies
If there is no lien on the property you can structure a purchase money mortgage and take title...the biggest obstacle for you will be dealing with the real estate agents...they usually get lost in what's happening...but it's essentially the same as any other transaction they have closed....just make that clear. a. contract b. title work c. due diligence d. close1.
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16 April 2019 | 7 replies
The most confusing part is that they always try to sell a "value-add" property to you at a price for an already renovated and stabilized property, essentially asking you to pay for things that haven't happened yet.
19 April 2019 | 40 replies
Through the book he essentially describes picking your battles know what you want and are willing to struggle for.
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16 April 2019 | 9 replies
It's crazy to me how individuals will look at the "sticker price" of a listing and just essentially quit after running the numbers once.
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17 April 2019 | 21 replies
She is 73, has no money, I made her retire (not educated in modern world, skills aren't useful, works more detrimental than what its worth), and I essentially turned this house over to her to live her life in.
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15 April 2019 | 1 reply
We found a house we like as rental property.We could make an offer using conventional financing or should we wait to use HELOC and then refinance, essentially using the BRRR method.If we waited and did the BRRR method, we could have a profit producing asset (about $170/month) without having any of our own money in the game after the refinance.If we proceed now we would have to use conventional financing which we would have to use our cash for down payment and rehab costs.