17 October 2018 | 2 replies
Income generated on property used for agricultural purposes should be minimal.
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15 October 2018 | 25 replies
or what additional info would you ask for?
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15 October 2018 | 7 replies
They are responsible for repairing/replacing the tub and any additional damage caused by the water leaking out.
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16 October 2018 | 3 replies
I believe there is a big push for rezoning and making additional areas that were not considered flood zones before, become them now.
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29 October 2018 | 19 replies
If you're self-employed, the Solo 401k will provide many benefits over a self-directed IRA: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)
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15 October 2018 | 1 reply
Every tenant needs security for their private roomYou may get additional rent but you can also have additional work (dealing with more frequent turnover, common area cleaning/maintenance).
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18 October 2018 | 18 replies
@Thomas S.I agree with your thoughts on not fixing what’s broke, but I think there’s some real opportunity for some forced appreciation in addition to increased rent if I can boost the curb appeal.$15,000 is probably a bit overboard, but I can do most labor myself, so $15,000 worth of work may in reality cost me half or a third of that in materials cost.
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15 October 2018 | 2 replies
Using the VA loan gets you started with very minimal out of pocket (Just because it is $0 for the down payment on a VA loan doesn't mean the property is free lol).
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9 December 2019 | 7 replies
These are professionals with additional training and a stricter code of ethics.
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15 October 2018 | 4 replies
Considering that you could probably purchase $800k-$1MM property with the equity you have, it's important to get clear on what you want to achieve.Out-of-state multi-family is probably the best bet for maximizing returns and minimizing costs.