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14 July 2021 | 1 reply
After waiting in hope for the tenants to be removed, once we knew it wasnt possible or we will lose the deal, I assumed the risk and asked for a 10,000$ credit towards the property (which i got).
8 July 2021 | 6 replies
Most business cards do not report to your personal credit (capital one and discover do though).But of course rule number one of investment is don't lose money.
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8 July 2021 | 2 replies
@Ety Benichou you are looking to buy a property to lose a $1000 per month.
8 July 2021 | 3 replies
Several traditional banks have turned me down because my tax returns show loses on my other businesses.
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8 July 2021 | 2 replies
I am not a QI, nor do I claim to be one - but as a general rule you cannot 1031 a flip.Regarding this property, what do you stand to lose by digging deeper into it, vs what you may stand to gain?
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20 July 2021 | 8 replies
If you try to find a "one size fits all" strategy, you will lose out on so many opportunities that it will take you longer to get on that ship around the world.
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9 July 2021 | 5 replies
So with all that information I guide them to the best property to make sure that they buy a property that can earn them money day one and one that doesn't have the potential for them to LOSE money on their first investment.
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11 July 2021 | 8 replies
And if that is indeed what happened (emphasis: this is 100% speculation on my part, based on the limited, inaccurate, and incomplete, facts at hand), then her discrimination allegation could/should/would be directed at her employer and/or through her union.
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20 December 2021 | 27 replies
@Mark VesuA couple of things missing1) If you sell the property, you lose about 10% in value right away6% in realtor commissions and 4% in other costs(Title work, stamps, etc)2) Rental income is likely sheltered by depreciation(no taxes) while the dividend income will be taxed.3) You are less likely to cash-flow when the per-property unit cost is above $150,000.In your case, the cost per unit is $275,000($550,000 / 2).4) You may want to consider doing a 1031 exchange and get into better appreciation / better cash-flowing properties.Best of luck
14 July 2021 | 52 replies
As long as you don't lose any money you're fine, you might even make a little $.....Just move on....plenty of houses out there.