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25 September 2024 | 3 replies
Hey everyone, I’m working on a platform concept called RentKeep that focuses on providing property intelligence to help property managers make data-driven decisions to increase their NOI.
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22 September 2024 | 3 replies
When we talked to the plumber, he had said the hot water was working when he left and he gave them his number to call incase of further issues, but he said he didn't hear back from them again.My partner asked her to send pictures and she sent the attached.
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23 September 2024 | 1 reply
Obviously we haven't held for even a full year, but an exchange intermediary told me there is no bright line test for holding.
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22 September 2024 | 6 replies
No start-up capital, no reliance on banks, no particular expertise required (initially at least, we had still had to learn a lot along the way!).
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17 September 2024 | 12 replies
Jonathan and his partner, Erika, have been the most incompetent and the worst attorneys I have ever worked with—absolutely horrible.
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21 September 2024 | 1 reply
I stress that these are 100% third-party independent deals, I get no commission or referral fees, they are simply big enough deals that there is plenty of space for other people, so it costs me nothing to share the done due diligence.Over the last month, a group of us have been doing due diligence on Zero New Boston (https://lnkd.in/g5bdR56v), Woburn, MA.
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24 September 2024 | 2 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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24 September 2024 | 8 replies
I've actually worked with them in the past.
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24 September 2024 | 6 replies
I'm currently working on scaling up quickly through purchasing large SFR portfolios and/or apartments, and I'm in preliminary talks with a few sellers willing to carry back a seller 2nd note of 20-30% (i.e. the down payment).I'm looking for a lender that will move forward in financing the initial 70-80%, in 1st position, alongside a seller 2nd of the remaining 20-30%, totaling 100% CLTV.
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24 September 2024 | 7 replies
Our other long stays have been people in town for work (one was a staffing company manager and one worked on windmills) thanks in advance!