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16 May 2024 | 158 replies
Maybe down the road you decide that Wealthability makes more sense to you, but if you're newer and do not have many assets or businesses to account for, maybe hold off if the price is too steep?
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18 May 2024 | 14 replies
Only problem is she charges more than others are charging for their cleaning fees.I've shopped other cleaners just out of curiosity and most are around $175 and she is at $200.It's the off season now in my market (ski town) and to compete, my rates need to be around $100/night.
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19 May 2024 | 21 replies
I create a lengthy and very detailed response listing everything I can think of that a prospective tenant would need to know about the unit and finish it off with please feel free to reach out with any questions, if you would like an application please reply back with your email.
20 May 2024 | 11 replies
Do you think it’s easier to start off with turnkey properties?
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16 May 2024 | 11 replies
Plus you have to deal with HOA restrictions, possible special assessments, etc.
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18 May 2024 | 4 replies
You might just be better off doing a cash out refinance.
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16 May 2024 | 32 replies
there's no buying a BRRRR deal with $0 - you need cash to buy, and then you need cash every month to pay the holding costs and service the debt during the rehab.lots of things are making BRRRR tough right now, especially the increase in interest rates and the fact that prices have leveled off. if you did a BRRRR in 2020 and just waited 12 months, prices would go up, and that would help your appraisal. that is not the case anymore. other factors are making it difficult too - there is lots of competition for deals, both on and off market; lots of good contractors are booked up; and lending has tightened a little, and it's harder to get a higher LTV.so just to be clear: -BRRRR requires lots of cash - it's way more cash intensive than portrayed-BRRRR is not a cash flow strategy - you will end up with a break even property-if done right, you'll wait 3-12 months to get some (or close to call if you really crush it) of your invested cash backI know this wasn't your exact question, but I had this typed up for another thread and thought it was relevant herehope this helps
16 May 2024 | 1 reply
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and handling multi-entity structures.
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17 May 2024 | 4 replies
Moving forward we are exploring possibly combing households due to the large size of the property and the difficulty of upkeep but there are several questions/ issues that need to be addressed so it does not put either of us in a compromised position.When her husband died a friend paid off her mortgage due to it going into foreclosure ( 210k total).
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17 May 2024 | 4 replies
This post says I can use a bond or surety which sets money aside to account for the lien amount and then get the lien off the title.