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28 June 2018 | 7 replies
There isn't nearly enough information on the calculator to give me a real indication of what is actually included in your numbers...but if you're planning for $35k profit...can you also afford to lose $15k...without experience it's possible to have your holding costs be much higher...and your renovation costs be 50% over if its your first project and you don't have actual contractor bids and are just guessing based on having read J Scott's book.
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5 July 2018 | 44 replies
For a good description on the difference between investing and speculating (the greater fool theory) read the first few chapters of the book below: A Random Walk down Wall Street: The Time-tested Strategy for Successful Investingby Burton G.
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5 July 2018 | 110 replies
I have spent the last 2 years studying, reading, listening to podcasts, and taking advice from this forum and other investors.
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29 June 2018 | 5 replies
I read IRA pub 523 and my takeaway is that the I do not qualify for the primary residence exception (the '2 years living there in last 5 years' clause) because I didn't live there for 2 years total at any point.
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28 June 2018 | 4 replies
I'm also new to real estate investing, and got into it from reading Rich Dad Poor Dad.
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18 July 2018 | 16 replies
And I keep re-reading your first post and not understanding where a HELOC is coming into the equation.
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2 July 2018 | 25 replies
It's weird.ya know maybe they ( millennials ) read the articles … and think they should rent.. and I do know that homeownership East of the Mississippi in general is not coveted as much as on the coasts .. were even here in Portlandia Millennials buy most of the starter housing.. but they also buy condo's down town and rent.. but agreed.. first thing anyone should do in IMHO is buy them selves a home if they plan on living in a community any length of time. and in lower priced areas go ahead and buy it anyway.. get in for the lower down and better interest and if you move wa la you have a rental already bought.. paying rent is a fools errand..
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18 May 2022 | 28 replies
I was looking back in my emails after reading this thread and I was sent information by ABC Capital by Oliver, cc Jay on how to sell their turnkeys to Investor clients in February 2017.
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2 July 2018 | 10 replies
Or maybe I'm reading into it too much.
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9 July 2018 | 10 replies
Spent quite a bit of time reading discussions before I joined and am glad I did.I'm currently 25 living in Cincinnati, OH.