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20 December 2022 | 17 replies
There are so many types of properties, markets, and considerations!
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1 December 2022 | 6 replies
BUT - with that, you want to get started - which makes it tough.Here’s something you might not have thought about… if you cash out refi your property your county tax assessor will quite possibly treat the refi as a sale of the property - which will trigger a re-evaluation of the taxes on your property to the higher value of the new loan… even though you didn’t transfer the property to anyone.
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20 December 2022 | 7 replies
Other's above have given you some other points of consideration to determine what the tax rate will be.
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1 December 2022 | 5 replies
I wanted to tinkering with them for when my portfolio grew large enough.Another consideration is that I may be taking over management of a bunch of rentals and so wanted to make sure I knew the ins and outs.also with the likelihood of going back to corporate, I may be super tight on time as it's unlikely that I will be just 9-5.it's likely I'll go through them all but was looking to see if any had insight to help speedball my learning curve some.thank you for taking the time to share your process, there are certainly some considerations that I've missedQuote from @Nathan Gesner: Quote from @Alex Lee: If you upgrade to a PRO account, RentRedi membership is a benefit for free (actually $1 to sign up).
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30 November 2022 | 13 replies
As I understand it, if you have considerable hours managing your own property (I think it’s currently 750 hours per year) you can claim real estate professional and take losses against w2 income.
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1 December 2022 | 11 replies
We just went through that where we had a house under contract and then the seller talked to a friend that said the property was worth considerably more and talked the seller into backing out two days before closing.
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29 November 2022 | 3 replies
Hey @Andrew Laurence - the other comment already mentioned this, but ensure that you vet your builder and their previous work quality before pulling the trigger.
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26 December 2022 | 49 replies
Just make sure you educate yourself before pulling the trigger.
20 December 2022 | 29 replies
I'll be making ~$30k above median income for my city next year and would really like to pull the trigger on something within the next 12 months once I learn more.
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27 December 2022 | 17 replies
One thing that really helped me make decisions is my understanding of the macro economy and stock trading so I know when to buy when to sell and when to run away.The problem with Fed adding 4x more dollars in circulation is an early sign it will trigger asset inflation followed by the interest rate hike.