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9 May 2024 | 9 replies
My advice when looking at a house hack is to not get too in the weeds on how the property or building performs compared to other properties in the area, but rather view it from the lens of what it will do your personal finances and the impact it will have on your personal cost of living.
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9 May 2024 | 9 replies
Response to #1: Some lenders allow for layered entities while others want warm bodies/natural persons to be direct managers.
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7 May 2024 | 6 replies
While sellers or wholesalers may sometimes dictate the title company, having your preferred option ready can be advantageous.To vet potential team members, engage in conversations and assess their responsiveness.
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8 May 2024 | 9 replies
I invested in 7 syndication funds in 2023 as a limited partner with the expectation that I would generate first year losses from cost segregation that I could use to offset my gains on my personal real estate investments (self storage).
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8 May 2024 | 8 replies
No there is still one person living there right now.
8 May 2024 | 2 replies
Typically that's the roll of a business broker vs real estate agent, although sometimes one person does both.
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8 May 2024 | 0 replies
Hoping to start flipping homes personally as well!
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8 May 2024 | 5 replies
My first two properties are still in my personal name and I actually need to switch that up finally, so thank for the reminder.Nonetheless, you can definitely still open up an LLC, I just try to avoid putting the cart before the horse.
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9 May 2024 | 15 replies
You may know this already, but out-of-state investors are also sometimes surprised by Texas’ “high” property tax rate (but no personal income tax).
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8 May 2024 | 7 replies
However, the value of your labor generally cannot be included in the cost basis for depreciation purposes.Accelerated Depreciation: A cost segregation study would identify components of your property that can be depreciated over shorter periods, such as personal property and land improvements.