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13 February 2024 | 5 replies
Currently, we are leasing the property, generating a net profit of $380 per month and living in Missouri.We are contemplating the decision to sell this property and potentially gain $239-278K payment to buy additional investment properties in Missouri given the rising rental rates in the area, we anticipate increasing our rent and potentially securing a net monthly profit of $780 (annual$9,360).While we acknowledge a monthly profit, our concern stems from the apprehension that the property might not fetch as high a price in the next five years or that our HOA fees and taxes could escalate.Given this situation, what course of action would you recommend?
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12 February 2024 | 23 replies
If you sound anything like one, the other person is ready to hang up immediately.Talk to them in a friendly manner and not too professional.
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13 February 2024 | 0 replies
Incorporating technology into the process increases efficiency and precision and allows for deeper insight.Prior to implementing the new technology, a cost segregation study would require professionals to spend much time going over the architectural blueprints and conducting extremely thorough site visits in order to be able to classify the assets into the correct category.
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13 February 2024 | 5 replies
It depends, of course, on what your goals are.
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14 February 2024 | 19 replies
No one wants to talk about decline because it's not sexy and doesn't sell books/courses/"mentorships.
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13 February 2024 | 4 replies
This is easily the most comprehensive answer you could get and would be the best way to purchase a property as an Expat.I would also suggest talking to a real estate attorney and tax professional to make sure you are properly structuring your real estate business to minimize your tax burden.
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13 February 2024 | 8 replies
Of course, we are going to get a vacation home loan.
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13 February 2024 | 7 replies
Thank you for your professional input.
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13 February 2024 | 2 replies
You need to qualify for real estate professional status or use the short term rental loophole for any of this to matter though.
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13 February 2024 | 3 replies
I didn't know where to start or where to look or whom to turn to I was lost with no one to turn to and they were the first ones to give me a false hope of support, before I found this company of course I couldn't get no kind of support from anyone, but I am realizing now that you are completely correct and they're not going to help me in any sort of way and I need to move on to try and find another way of getting some kind of support in my choice of doing this but thank you for your honest opinion and if you have any other suggestions or anything you think might help me on my journey I'd be happy to listen.