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1 June 2024 | 6 replies
With long term rentals (or any house aside from a flip), you are unlikely to make money off the sale of the home if you have only owned it for 2 years after you pay the realtors and other fees.
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4 June 2024 | 5 replies
You could still do that if the money you invest by taking cash out generates higher returns than you are paying.2.
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4 June 2024 | 12 replies
Let me clarify 1) I, for example, would do my due diligence first before making an offer on behalf of a buyer if I am not satisfied with the clients ability to close a deal, I'll not make the offer. 2) If in doubt, I would make an offer with a substantial amount in earnest money that goes hard on day one. 3) Most experienced CRE agents here in Columbus follow this regime if you ask me for any of the crap that the seller may require to make my client stand out in seller's mind would be an insult!
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3 June 2024 | 2 replies
Putting all this action into a partnership tax return reduces the risk right back down to an acceptable amount.Second, with a partnership tax return, we can mechanically show your capital contribution (at-risk money) including recourse loan debt.
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4 June 2024 | 3 replies
Call on them as they are buyers who maybe landlords etc.When searching don't jus look for cash buyers look for hard money buyers too.
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4 June 2024 | 9 replies
An example of this would be mixing your personal money and LLC money in the same bank account.3.
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2 June 2024 | 18 replies
If you sell for $600k and it only costs you $20k because you save $20k in commissions to yourself.
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4 June 2024 | 5 replies
An example of this would be mixing your personal money and LLC money in the same bank account.3.
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4 June 2024 | 4 replies
or long enough you made the money back?