13 August 2024 | 7 replies
IT Business:With $250k in cash savings and significant untapped equity in your rentals, you’re in a strong position to leverage your existing real estate knowledge to grow your portfolio further.The real estate market, particularly with your ability to do your own rehabs, might provide you with more immediate and scalable opportunities for wealth building, especially if you can find properties that need work and force appreciation through value-add strategies.Balancing Both:You don’t necessarily have to give up the IT business entirely.
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17 August 2024 | 56 replies
If the owner doesn't redeem then you have to sue to quiet title and force the sale of the property which you will then only get back 1% of what it is sold for.
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12 August 2024 | 37 replies
The only way that the total balance matters is if you are somehow forced to sell the property shortly after buying it, and are thus underwater.
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11 August 2024 | 1 reply
So incurring the fewest expenses is the cheapest exit plan.There is no tax advantage to refinancing the property first - in fact, the refi will often force the taxing authority to reassess the value of the property - which would likely remove any tax grandfathering you may have - raising your taxes.There is no advantage to doing a two step process like you mention.Randy
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12 August 2024 | 15 replies
Do small value adds to force equity.
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11 August 2024 | 4 replies
That cost could force you to walk away.
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14 August 2024 | 51 replies
Most are forced into settling or go bankrupt fighting and did nothing.
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12 August 2024 | 39 replies
We can point to the recent acquisition of Fox by Disney, where they were forced to sell certain assets in order to complete the merger.
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14 August 2024 | 64 replies
I will admit, some of the frustration on Jerrylls side was caused by my team inadvertently, whether it is my team saying we can't force someone to stop using a design that looks like his (it's not our legal standing to do that) or our team not communicating well enough why we can't support helping people fix their custom CSS code if they messed it up.
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12 August 2024 | 13 replies
Say if I am raising the rent and they don't want to renew I could not force it and I need to start eviction.