13 June 2024 | 2 replies
@Rakesh Battula, before even looking at the true financials like Nikolas quickly did, there are some things that don't make sense:1: If it is 100% occupied, why are you assuming anything about free rents with estimates.
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14 June 2024 | 4 replies
It has made my life significantly easier, plus I'm lowering my expenses since it's free!
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13 June 2024 | 2 replies
That way, if you find a deal like this, you can keep your cash capital-gains-free?
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10 June 2024 | 0 replies
This deal is based off a real tax deed auction property in FL:1912 Sq ft 3/2 SFH in Bay County- ARV: $415,101- Estimated Monthly Rent $2,984- based off 6 comps within a 1 Mi radius.- Adjusted Purchase Price/ Max Bid: $210,840.80- I start with the 1% rule (thus why I start the analysis by looking at rent) and then adjust the price based on the potential pay-out from a cash-out refi and equity position on the property- more on this in a second. - Potential Investor payout (15%): $242,466 - Rehab total: $76,480.00- I just used $40/ sqft for an estimate.
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14 June 2024 | 3 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
14 June 2024 | 11 replies
Are there any free public sites to verify criminal and rental history in california?
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11 June 2024 | 16 replies
Maximum 10 total properties (not 10 financed properties like fannie/freddie 1-4 unit properties, so even if the properties are free and clear it counts against this 10 "properties," whether there is debt/liens against them or not)You can use 1 year tax returns for self employment and 1 year tax returns for rental property income calculations as well which is huge for BP folks since most of us are rental property investors and self employed/S-corp/schedule C personal tax returns@Matthew Kwan @Carlos Valencia @Joe Homs
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13 June 2024 | 3 replies
Feel free to reach out with any questions or thoughts!
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12 June 2024 | 1 reply
I am considering two options for purchasing a A+++ SFR cash, Option 1 to place in a self directed IRA and let the IRA own the property and Option 2 is to buy in cash upfront and pay the taxes owed.I am 62 years old and have another five to seven years prior to retirement and so I am trying to set up my portfolio for income generation by that time.
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13 June 2024 | 3 replies
My team specializes in house hacks so feel free to reach out with any questions.