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1 November 2024 | 5 replies
In my opinion they're really only good for when you're ready to hang up the spurs, and your inheritors don't want the hard assets, so you keep the deferment rolling until you get a stepped up basis at death.
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1 November 2024 | 7 replies
(I know it's hard without seeing the full rent roll and financials, let me know if there's any other general details you'd need that would make you this "oh, that's why they offered that" kind of thing).
5 November 2024 | 14 replies
my family helped with that one as well, they'd go look at listings when they hit the market and do a kind of a pre-screen.
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31 October 2024 | 4 replies
We were fortunate to get the ball rolling fairly quickly and only have to fork out 1.5 months of mortgage on our own. my partner thinks he can do all the taxes for the home and depreciation on turbo tax, as that’s what he’s been doing forever since he’s a w2 earner.
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1 November 2024 | 2 replies
If you’re going to be doing land deals, consider opening a business checking account; it’ll keep your personal and investment expenses separate, which can help a ton when tax season rolls around.
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4 November 2024 | 10 replies
For example, call FSBOs, expired listings, geo leads, and/or distressed seller leads (pre-foreclosure, probate, etc.)3.
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1 November 2024 | 8 replies
Since this is an FHA Streamline, there is no appraisal, no income verification, no employment verification, no out-of-pocket costs, and nothing rolled into the new loan.
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8 November 2024 | 22 replies
When doing a BRRRR with an SFR, the rents are increased from the pre-rehab standpoint, but I’ve already built that rent number into my calculations.
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29 October 2024 | 19 replies
And the 24 door funnel plays for all of these roofs and rehabs and the ball just keeps on rolling into one giant snowman.
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31 October 2024 | 9 replies
If you have an opportunity presented, and your equity can earn more money in that deal, then I would roll it over.