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30 December 2024 | 89 replies
I've joined facebook groups and looking around online for a mentor in the city or near the city I plan to invest in, I've connected with someone and plan to speak to them monday but nothing is promised but I'll look into them again.
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24 December 2024 | 6 replies
If you're expecting property owners to sell their home to you at a discount, you'll need to earn their trust - whether that be by demonstrating a successful track record with purchasing/selling similar deals OR by meeting them face to face and separating yourself from the dozens of local investors and realtors.Lastly, I'd recommend searching past posts related to this topic as well as checking out books related to your target investment strategies.All the best!
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20 December 2024 | 0 replies
There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.
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3 January 2025 | 40 replies
Quote from @Stuart Udis: Unfortunately there's a ton of online content teaching novice investors that reaching XYZ number of doors equates to financial independence.
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26 December 2024 | 7 replies
For residential properties with a basis of less than $1.2 million, check out our online DIY Residential Cost Segregator.
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30 December 2024 | 819 replies
He has no social media, no pictures, no videos, no online presence, nothing.
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27 December 2024 | 19 replies
It's usually better to earn $200 less a month for one year than to sit vacant for two months, particularly in the winter.Consider a bigger drop for a 6-month lease to get through winter, then increase rent or find a new renter in the spring when competition is hotter.
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4 January 2025 | 67 replies
Another option you will see online are companies selling shares to sections or lots of trees via a tree plantation management company.
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27 December 2024 | 93 replies
Does anyone have an online link where we could all do this?
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8 January 2025 | 29 replies
Dig deep for online reviews, Better Business Bureau and their State Real Estate Board, etc.- Do be open-minded though as we have many of the above from tenants who claim we illegally evicted them (so, somehow we got a signed Write illegally?)