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26 January 2017 | 42 replies
If the area is a good area for cash flow it will probably be a c neighborhood or lower.
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3 July 2017 | 33 replies
One thing though, you need to do an analysis on your returns of your real estate (hint: you should use software to do this) versus the expected returns on the TSP fund you invest in (for me I'm in C fund and will go to G-fund around S&P 2350 since the market looks toppy).A con is that you can only take out 50% or 50k, whatever is the lesser amount.
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20 January 2017 | 14 replies
William C.
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20 January 2017 | 1 reply
"C" rated area.0.25 acres for $3,000.
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23 January 2017 | 4 replies
What do you think is the best area in VA to begin investing in B, B- , & C class neighborhoods?
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21 January 2017 | 1 reply
His mother is going into an assisted living facility and needs to sell...all they are looking for is to pay off the mortgage owed (about $108K) I would prefer not to come out of pocket to satisfy in full b/c i have other projects going on and i'm a bit cash strapped until they close.
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26 April 2017 | 15 replies
Not ideal, but a potential fix could be forming an LLC treated as a blocker "C" corporation, obtain the EIN, contribute the real property into the C corp, then sell using the C corp.
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31 August 2017 | 7 replies
@Jimmy Calabrese So far I have only emailed first b/c I don't want to waste my time on the phone if they're not interested.
22 January 2017 | 3 replies
My goal is to buy and hold, cash flow with a $1,000 a month and aim to refinance to pull initial investment back, pay off lenders and use equity to rinse and repeat.Heres what I got;Property: Triplex in Lauderhill, FL - Advertised by wholesaler3 bedroom 2 bath - 1200 sq feet each unit advertised with rent comps at $1,500- $1,650 (realistically should be $1,000-$1,200)Listed at $249,900 with direct comps sold up to $300k - $315k in 2015.Estimated taxes $6,000 a yearEstimated insurance $2,000 a yearEstimated maintenance $2,000 a year100% Vacant now with 2 potential squatters according to wholesalerProperty is in good shape minimal rehab area is about a c+ near turnpike will be seeing property in person tomorrowLending: HML - offered from mort broker - estimated payment - $2,000- $2,100/monthly (P&I + insurance+taxes) for $250k loan2 points upfrontno prepayment penalty 7% interest80% LTV20% downAppraisal $500Bank - From Guaranteed Rate - Estimated payment $2,200/monthly for pre-approved loan at $300k5% APR30 year FHA (option for 203k loan) 3.5% down (first time homebuyer) informed can cash out refi for up to 80% of equity after 50 days from HML closeAlright so my intent is to buy it cash with HML, aim to have tenants within 3 months, and cash out refi by the end of those 3 months.
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30 January 2017 | 11 replies
If this is the case, then your LLC income and expenses are typically reported on your personal tax return, Schedule C (1040), under the same LLC EIN that you use for your payroll tax remittances.