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19 March 2017 | 5 replies
They suck you into this little vortex where they want you to host/promote their workshops and the like.
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9 March 2017 | 9 replies
If you are on a scouting mission for business purposes you can write it off I believe.I am not an accountant but 90% sure of this.
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10 March 2017 | 5 replies
Normally a job is what pays for your investing and makes getting mortgages possible. 2) Purpose built multi residential is the best starting place.
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6 March 2017 | 4 replies
In multifamily deals, I've seen a flat "guarantor's fee" paid to a partner who is brought in for the sole purpose of signing on the loan and bringing their personal balance sheet to the deal to satisfy the lender's underwriting requirements.
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7 March 2017 | 15 replies
.), go to top sub-market in those markets, stay in class C/B- because people will always need a place to live, run sensitivity analysis on interest rates, caps, rent rates, etc. to make sure DSCR stays above 1.25 for refinance purposes and Return on Equity meets minimum requirements, and some may say keep hold periods to minimum (grab value and get out).I'm sure there are posts about tech/start-up bubble, but it will be interesting to see how that plays out, and how a bust might affect national economy.As always, keep diversified.
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8 March 2017 | 16 replies
I've dealt with two scenarios from buying/owning out-of-state:Buying- I've only purposefully bought turnkey properties out-of-state so I specifically don't have to deal with rehabbing and such long-distance.
9 March 2017 | 11 replies
Or perhaps move to a less expensive area, if you can keep your job for financing purposes, and house hack there.
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9 March 2017 | 6 replies
., depending on what my purpose is.
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4 November 2018 | 9 replies
I think they lived in the home for 12+ months or possibly even 24+ months for tax purposes.
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12 March 2017 | 1 reply
For tax purposes the LLC's income or loss flows directly to you so whether you take the money out or leave it in the LLC you pay the tax personally.