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21 February 2024 | 14 replies
I looked further out of CA but the lower property taxes, no income tax, and landlord-friendly benefits of Nevada sealed the deal.
20 February 2024 | 0 replies
Our long term goal is to establish our business over the next couple years (generating income history, credit, credibility, etc.) before I retire from military service and transition to full time real estate investing.
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20 February 2024 | 2 replies
Many states do have exemptions if the beneficial owner has not changed - like in your case.Federal - there are no income tax issues here.
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21 February 2024 | 8 replies
I even created my first LLC to start the fix and flip business, funding it with enough skin in the game, elsewhere hoping to use OPM rather than my own capital to fund these projects as it has been difficult finding a lender who is comfortable with loaning to me solely without an LLC.My goal has always been to match my W2 income and eventually double it and more so I can work as a hobby rather than relying on it to live.
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20 February 2024 | 3 replies
My income is great, and my credit reports are spotless.
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21 February 2024 | 6 replies
You'll be able to work up numbers with more confidence because you'll know the condition of the property you're starting with and what your goal is in terms of condition, value, and income/rent.
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19 February 2024 | 28 replies
I think there is a common misconception that when you say "single mom" you think of poverty/low education/low income.
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20 February 2024 | 2 replies
I have income income to off-set some negative months.What do you all think is a better idea?
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20 February 2024 | 3 replies
You'll want to make sure your tenants can comfortably afford the rent—usually, their monthly income should be about three times the rent.
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18 February 2024 | 9 replies
I have no other income than from my 3 STR's.