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25 July 2024 | 3 replies
Like pert near anyone in our bizz you do have bummers each year myself I wholesale them off when i do have to take one over.. or i might sell them on my 0 interest short term owner finance program .. which creates some rock solid paper given the assets usually need a lot of attention at that point.. for the speculation I had 2 long term land plays one paid off after 22 years of owning it for a 100X multiple yes 100X :) And the one i currently have that the new CHIPS act could create a huge win for myself and partners..
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22 July 2024 | 18 replies
No where in the offer do we ever write down which lender we are using.
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21 July 2024 | 6 replies
I have a rental applicant who has tax ID but no SSN.
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25 July 2024 | 1 reply
Some states don't allow the landlord to earn interest off the money.From what I can see, Minnesota requires you to pay 1% interest per year to the tenant, so I hope you are complying with that.
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24 July 2024 | 15 replies
Most notable cost basis, debt service, cap ex schedule, accounting, checking account oversight for ease of transactions, property tax tracking and trends, custom KPIs and modeling.
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24 July 2024 | 3 replies
I'm thinking about selling in the next year and I have read that if I now live in the property for the last 2 of 5 years that I won't pay taxes on the first $250,000.
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22 July 2024 | 5 replies
You can use a DSCR loan (you can find lenders by using the "Find a Lender" tab on BP) and not have to worry about a tax income or W-2s, the underwriting is done based off of the property's cash flow.
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25 July 2024 | 13 replies
I haven't seen this pulled off. 100% strangers living under one roof, what could possibly go wrong LOL.
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24 July 2024 | 6 replies
Real estate investments, when managed wisely, can provide a steady income stream through rental properties, potential tax advantages, and the possibility of significant appreciation in value.To maximize your success, it's essential to conduct thorough research, understand the local market, and seek advice from experienced professionals.
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24 July 2024 | 4 replies
Like yeah, the IRS really wants Walmart and Target gift cards over the phone in the next five minutes to cover your "unpaid" taxes.