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15 May 2024 | 4 replies
We're very excited to begin on road to financial freedom.
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16 May 2024 | 24 replies
The syncing of our financial accounts and uploading cash receipts makes our contribution super easy.
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16 May 2024 | 7 replies
Can someone share insight on a standard or common structure for loan terms when you are a private lender?
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16 May 2024 | 11 replies
They have high loan amounts and a very long draw period and long pay back period.
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17 May 2024 | 25 replies
Understandable.Yet in many cases, people with disabilities are often placed in the same bad bunch of apples posed by those who simply run into financial issues.I've even heard people say, they're reluctant to rent to people with section 8 due aTo the assumption, we will neglect our property.
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14 May 2024 | 7 replies
An index fund is a better option...eventually, I'm a fan of paying them off and treating them like fixed income, but not now assuming that your financial house is in order and you like owning and managing real estate.
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16 May 2024 | 12 replies
DSCR loan or STR loan will get this done.
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16 May 2024 | 0 replies
I can also get a Home Equity Loan from Better Mortgage for another $70k and then sell which would reduce the taxable amount to about $130kCurious on thoughts from others if you would prefer to try and rent it out again or sell and allocate the money elsewhere.
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15 May 2024 | 7 replies
So 30k in interest payments on a primary would only net most people an $800 tax deduction since they would have already got the standard deduction by default, where as 30k in rental interest would translate into 30k in deductions.This means that for an awful lot of people, they effectively don't get to deduct the interest on their primary.Keeping the loan on your rentals, while getting rid of the loan on your primary also helps from an asset protection side of things.
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14 May 2024 | 21 replies
But, if you are getting pushback when asking, that will likely tell you most of what you need to know.If the operator performs audits, then you can compare the audited financials to the marketing packages they send you.