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12 June 2018 | 5 replies
I’d rather work one job and spend more time on real estate investing because you’ll be able to scale faster.
16 June 2018 | 9 replies
I am not disagreeing with you, just looking for guidance on how I can protect myself, as well as avoid any issues.
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11 June 2018 | 2 replies
That won't, however, solve the other issue you face, which is the equity protection laws that Mike also mentioned.
12 June 2018 | 1 reply
So you can change the down easily enough if you find they actually put more down.This doesn't tell the whole story but it generally answers your question.What is left out is that when going to selling, the owner ends up spending about 8% of the value of a home on real estate agent fees, & other closing costs.So, selling a home at $120,000 costs the seller about 8% or $9,600Keep in mind that 3 different appraisers will give 3 different values and they could be 15% higher or lower than the other guy.
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11 June 2018 | 16 replies
At this point I do not, but am certainly open to hearing why others do accept cryptocurrency.This morning's report of a major "hack" (see http://money.cnn.com/2018/06/11/investing/coinrail-hack-bitcoin-exchange/index.html) has me wondering how landlords can protect their income if paid this way.
11 June 2018 | 2 replies
My original budget was: $158k (purchase) + $11k (rehab + holding) + $9k (selling closing costs) = $178k total spend.
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11 June 2018 | 10 replies
I think it's much easier to think of simply spending all the proceeds since if you buy multiples as Clayton said you may want to allocate your proceeds so that a few properties you buy for cash or with minimal leverage.
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11 June 2018 | 5 replies
To answer your question, I would not built a shed and spend money on it.
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18 June 2018 | 3 replies
I personally believe the Series LLC coupled with trust funds can provide a great level of anonymity and asset protection.
12 June 2018 | 1 reply
Protects both parties.