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6 August 2018 | 3 replies
The mother died without a will and the daughter had so many other issues at the time that she just couldn't deal with it, she is relatively young and drugs were involved w her mother's death, so there are a lot of issues here.
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4 August 2018 | 3 replies
What do you think is a fair price to do a relatively simple year of LLC taxes, generate some K1s and 1099s - $650-$750?
21 August 2018 | 8 replies
There is always some other misc expense related to an specific property/transaction.
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15 August 2018 | 15 replies
If you don't intend to borrow too much and plan to pay it back relatively quickly (typically, you're looking at a 5-year loan if the borrowed funds are not used to purchase a primary residence), this strategy may work.
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8 August 2018 | 5 replies
It really depends on your market, but in many, a 6% cap rate is relatively normal.
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9 August 2018 | 4 replies
If you would like to know more about me, I have created a real estate related Instagram account where I plan on documenting my entire process, and to hopefully bring a little value (either now or in the future) to those in the same position as I am.
7 August 2018 | 1 reply
@Josue Godoy This is a loaded question- If you are planning on being very specialized in a single area it would make sense to go one way or another...this is an oversimplification, but the point is to be diverse enough that you can process any type of deal...for example, really focus on an area you like well...like flipping, but learn how to hold properties as well, and whatever else you want to learn...as you grow, you'll be receiving many leads from different sources...and the point of this rationale is that you should have enough tools in your toolbelt to put your deals in a "best use" funnel...then profit on the other side.I'm only adopting this position because you are so young and have so much time in the industry to elect to pursue and specialize in one strategy.The simple answer is related to your goals...assuming you want passive income to replace your W2 means that you will need to buy and hold properties...similarly, if you start flipping properties, you're creating another job for yourself and creating a liability.
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30 August 2018 | 9 replies
NH is $100 per year#4 - I think your husband's taking possession if something happens to you is related to how you set up the LLC and/or how your estate planning is set up, again, talk to that attorney.
7 August 2018 | 3 replies
I have a couple questions related to the tax benefit of selling a home you've lived in for 2 of the last 5 years.1.
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8 August 2018 | 4 replies
Maine is a big state, relatively.