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11 October 2020 | 1 reply
Spend 5-10 hours meeting your contractors and going over the properties.The rest of your trip can be exploring the city, visiting museums, beach(if available), trying new restaurants, etcOn top of that - the trip can be a deduction.There are many ways to build wealth in real estate and these steps worked for me.
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16 October 2020 | 5 replies
If yours isn't then we should explore other options.As far as multifamily vs single family for BRRRR, I will say that BRRRR is a strategy that is generally intended for single family homes.
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6 January 2021 | 4 replies
Something worth exploring more for sure...
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18 December 2020 | 2 replies
I do have to mention - tenants sometimes do not like this method because "John" that lives by himself in 500 sq/ft unit uses a TON of water while "Bob and three kids" in a 1200 sq/ft unit barely uses water at all.
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21 October 2020 | 5 replies
I have friends that have chosen to send their kids all the way across town from South Tulsa to attend the high school.
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7 March 2021 | 8 replies
More importantly, it really felt good to be able to provide a nice home for a family (they have 4 kids) and was able to get them in the week before Christmas.. perfect timing!
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14 October 2020 | 3 replies
The advantage is that accelerating the depreciation will act as a tax shield for our earnings during the course of the year, lowering our tax liability – the downside is that we need to be committed to owing the property for a long, long time (in our case the plan is to own it forever & hand it down to our kids).
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14 October 2020 | 2 replies
My husband, 2 kids, and myself have lived in the same home for over 5 years paying $1500 rent.
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16 October 2020 | 12 replies
This strategy typically only works for young singles and once you get married and have kids the "move every other year thing" isn't feasible.
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15 October 2020 | 4 replies
We also have three kids living in roughly 1500 sq ft.