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12 March 2024 | 2 replies
I want to properly analyze a property that I have inherited using the Rental Property tool...but since I am not "paying" for the property, if I put $0 in for purchase price, then projected appreciation will not calculate since that is driven off the purchase price...any suggestions on how to get around this and get a feel for projected property appreciation within the tool itself?
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12 March 2024 | 6 replies
A private lender will partner with a broker who they trust to put their capital to work.
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12 March 2024 | 4 replies
Put in headphones when you are cooking breakfast and listen at double speed, and it is a great way to learn at an accelerated rate.
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12 March 2024 | 5 replies
Be prepared to demonstrate what you've learned and how hard you will work to put their advice to work.
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12 March 2024 | 5 replies
Given that properties in Boston are very expensive, this criterion already put me in the condo segment.- Single family and multi-family properties means that the investor takes a significant (or all of the) exposure on the property in the event of damages and repairs while with a condo such costs are shared.- Condos are typically closer to very busy areas like city centers (while single family and multi-family are further away / in suburbs) which, in the case of a buy-hold-rent strategy, means that the investor will have more traffic / demand.- Smaller properties are usually easier to off-load (more liquid) because our society is seeing very high levels of migration (people travelling or moving for work constantly) / people less inclined to partner / have families / people more focused on work / and pied-a-terre concept.- Condos are much easier to maintain internally than larger homes.- Condos are easier to manage as Air B&B than larger homes.- In the case of multi-family properties, sharing a home with two or three other families where everyone knows everyone can create issues if they don't get along as the close proximity doesn't allow for any privacy.Happy to connect with you and speak in more detail if you are interested in Massachusetts!
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12 March 2024 | 1 reply
We utilized an amazing realtor and put in an offer at asking price.
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13 March 2024 | 16 replies
thats a great outcome.. and back to what I always say this stuff is state specific. did you also have to put the agreed amount of the purchase price into escrow on the closing date or could you just hold your money and prosecute the action ?
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12 March 2024 | 7 replies
I am getting ready to sell a property and I am going to put the funds into an exchange account to flip into a better and bigger investment.
12 March 2024 | 18 replies
I was quite worried about the rent lost if i were to put it back on the market.
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12 March 2024 | 36 replies
You are making money, so you pay tax.I guess the only other thing to check is if you are putting in all your expenses and getting your depreciation correctly.