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15 October 2024 | 16 replies
Hello,I have several ways to fund a down payment on my first investment property and would like to know the "safest" way to do so...Cash, borrow against my 401K (and does this method constitue the start of my investments) or HELOC.
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15 October 2024 | 5 replies
I’m debating if this is worth it in the long run because If I do then I get them paid off earlier but at the same time I could be using that extra money to expand my portfolio and buy more houses .
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15 October 2024 | 2 replies
One contractor claims he can finish the job in a day with three workers, while others estimate it will take a week.I'm not sure how to proceed with this situation.
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15 October 2024 | 3 replies
Hopefully a tax expert can weigh in on this topic, as that's who should be answering your questions.
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15 October 2024 | 4 replies
I've only dealt with residential at this point but am looking into self storage and on my search for commercial I stumbled upon a car dealership property where the owner is moving out of state and motivated to sell the property.
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3 October 2024 | 1 reply
Opt for a property management company with deep regional expertise to get the most out of your investment.Property Expertise: Look for a firm that has experience managing properties similar to yours and is familiar with your asset class’s specific challenges.Company Culture: Choose a firm with a customer-focused culture that values team management and service, as this directly affects property performance.Market Reputation: Speak with local brokers and visit managed properties to get a sense of the company’s track record.By focusing on these factors, you can find a property management company that aligns with your goals and delivers real value.
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2 October 2024 | 10 replies
I have a duplex where the plumbing was getting backed up.Had a plumber go out there and put a camera in the lines and turns out there are roots growing into the plumbing from a nearby tree.The quote to rip out and replace the plumbing was a staggering number.My thought is to cut down the tree to stop the growing and then eventually put the liner in the plumbing.Any experience with this?
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3 October 2024 | 6 replies
There's a website called Furnished Finder that traveling nurses use a lot, it is also for anyone looking to relocate or who needs an interim solution.
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15 October 2024 | 2 replies
The way to handle it is to allocate expenses based on the percentage of the home’s square footage used for rental purposes.Here’s how it works:Calculate Rental Percentage: Add up the square footage of both the in-law suite and the rented room, then divide by the total square footage of the house.Apply This Percentage: Use this rental percentage to deduct a proportionate share of expenses like repairs, utilities, and mortgage interest.This post does not create a CPA-Client relationship.
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9 October 2024 | 16 replies
For larger homes this will cost more.