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10 May 2024 | 6 replies
I know personal letters would take more time and cost more money, but I would rather send out less of higher quality then more at lower quality.Having said all of that I would recommend that you tell everyone you interact with that you are a real estate investor and tell them what kind of properties you buy.
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10 May 2024 | 6 replies
By making extra payments or paying more than the required amount, the borrower can accelerate the repayment schedule and potentially save on interest costs over the life of the loan.
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10 May 2024 | 0 replies
These developments offer the amenities and privacy of single-family homes with the flexibility and affordability of rental properties, filling the “Missing Middle” gap in the market.Another trend that has emerged is the use of light gauge steel construction, which offers durability, efficiency, and cost-effectiveness.
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10 May 2024 | 2 replies
The location has visitors year round and has been an overall great investment so far.However, we're wondering how we can go about getting our 2nd property in the most cost effective way possible.
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10 May 2024 | 7 replies
From a tax planning perspective, you are only allowed to start writing off the home once it is placed into service (once the lease starts).You are also only allowed to write off the depreciation, and any other costs or losses against the earnings from the property.That is, unless they get the real estate professional status, which requires 750 hours a year working in real estate.
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10 May 2024 | 13 replies
Account Closed Costs will play a role and I think the next couple months in an election year will give an idea where those will head.
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10 May 2024 | 30 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.
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10 May 2024 | 5 replies
As interest (taxable as regular income), capital gains (usually taxed at 15%), and basically return of principle (pry called something else but payment against her cost basis.) that’s tax free.
6 May 2024 | 10 replies
Hello Everyone,I am new to the community and looking for a CPA and professional to conduct a cost segregation analysis.