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26 February 2014 | 36 replies
In trust administration, easier is better, LOL.A bond portfolio sits there collecting dust, managing the dust of RE is expensive, time consuming, requires unusual expertise of a trust company and isn't cost effective.
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12 December 2017 | 9 replies
@John T.You don't necessarily need money coming in but you do need to show that your business is ready.items such as the below will indicate that your business is ready and you would be entitled to start deducting expenses.1) having a rental unit ready to be occupied2) advertising the unit to tenants3) collecting tenant applications
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23 January 2014 | 9 replies
The PM collects deposits, rental payments, and fees from the tenants, and then pays me 80% of the rent (their management fee is 20%).Recently I have started having doubts that the PM is always being honest with me.
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25 January 2014 | 10 replies
I wanna just practice calling people just to get the hang of it.
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6 May 2020 | 8 replies
Following this post, it seems like there are several advantages to aggressively paying down one's principal residence if they're in the position to do so for the ability to have rapid financing options to make cash offers as a proverbial ace up the sleeve if other financing situations will not get the job done.Has anyone had practical experience in how this plays out?
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25 January 2014 | 17 replies
Is there any garbage collection fees (Not always but sometimes have those on Multifamily)?
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25 January 2014 | 9 replies
Now technically, you get the judgment against them, but now you have to go get the legal process started again to collect that, even if you can find them, and even if they have the money to pay you.No doubt, NEVER turn off the utilities.
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24 January 2014 | 7 replies
Now that I am getting my license in addition to just being able to flip a contract or assign it out, I may be able to collect a commission from the seller/buyer on these sales.
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8 July 2022 | 97 replies
Another example, which I've put into practice, is that you can put your kids through college if you plan early enough and invest in real estate.
30 January 2014 | 9 replies
Just because you are paranoid does not mean 'they' aren't out to get you.Seriously though, you have a couple of issues mixed in here.First, if you have assets outside your real estate investing, things like investment accounts, high value collectibles, homes and other personal property you want to protect, putting your properties in an entity isn't the whole solution.