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13 February 2024 | 5 replies
Currently, we are leasing the property, generating a net profit of $380 per month and living in Missouri.We are contemplating the decision to sell this property and potentially gain $239-278K payment to buy additional investment properties in Missouri given the rising rental rates in the area, we anticipate increasing our rent and potentially securing a net monthly profit of $780 (annual$9,360).While we acknowledge a monthly profit, our concern stems from the apprehension that the property might not fetch as high a price in the next five years or that our HOA fees and taxes could escalate.Given this situation, what course of action would you recommend?
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11 February 2024 | 11 replies
Did you go through with his course?
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14 February 2024 | 24 replies
At this point, I knew we were going to be screwed as the listing agent was for sure going to be showing his other scheduled showings the following day on MLK Day (even though he said he wasn't going to and gave us his word).Monday comes around, and of course, the listing agent says they jumped the gun on accepting the offer, and wanted to see what else they could get as an offer.
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14 February 2024 | 19 replies
No one wants to talk about decline because it's not sexy and doesn't sell books/courses/"mentorships.
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14 February 2024 | 0 replies
Even when things go off the rails, you should have a provision for unexpected expenses factored into your budget.At a certain point of investing more and more money into the project, you’ll want to understand that you may need to course correct or even, in extreme cases, pull the plug and seek a quick exit and not give into the sunk cost fallacy.
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13 February 2024 | 2 replies
If it comes in at 8 I credit back and if it comes in at 12 I will bill additional.
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13 February 2024 | 5 replies
It depends, of course, on what your goals are.
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13 February 2024 | 8 replies
Of course, we are going to get a vacation home loan.
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13 February 2024 | 35 replies
Another plus is because they have no credits.
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13 February 2024 | 5 replies
Robbie, Local to you CPA/PFS in Bryn Mawr we should talk shop and of course check BP Tax Finder and posts lots of great practitioners on BP.