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25 October 2024 | 22 replies
How the blank are they gonna keep the properties repaired?
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13 November 2024 | 0 replies
I recommend that you learn the tax code and take ownership over your strategy.Not having some foundational knowledge and an opinion on how to approach taxes as a business owner is a huge mistake.In my experience, every single business owner who says "I just let my CPA worry about it and I focus on my business" is doing a suboptimal job at tax planning.They are likely missing out on 10s or hundreds of thousands in saved dollars every year.Stop making excuses and get to work.Just a few months of part-time learning about taxes will pay you for the rest of your career.
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17 October 2024 | 6 replies
Hi @Brandon HansenHere is a simple tip for youThis website is a great reference point for figuring out what each area is like. https://www.areavibes.com/It gives you a total LIVABILITY score for each street and zip code.
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23 October 2024 | 7 replies
So they open up escrow and place the entire years rent in it and have escrow pay us monthly, that should be ok?
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12 November 2024 | 6 replies
just send a payment request and block the days or even better get them to pay via zelle and block the days.
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28 October 2024 | 8 replies
I am looking to connect with local investors in the southern Ohio area to learn from and work with.
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12 November 2024 | 4 replies
I would say credit partnership meaning that someone allows me to use their qualifying credit to qualify for financing at the same time they are an equity partner on the deal who I split profits with?
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23 October 2024 | 7 replies
If you want to shield yourselves as the owners of the properties, then I guess it's possible, but not sure why you want that extra accounting headache.
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23 October 2024 | 1 reply
I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split
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22 October 2024 | 3 replies
I am a big believer in making passive income and had real estate on the back of my mind, however like everyone else I was not sure how to get started.