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1 October 2024 | 1 reply
When thinking about depreciation it's not about when you buy the property, it is when you "put it into service."
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26 September 2024 | 1 reply
Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of the best ways to end up with a much larger net worth at the end of your career.
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27 September 2024 | 22 replies
From what I have heard, Disney Theming.I would personally say proximity to the parks.I just went to Disney.
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1 October 2024 | 18 replies
Does anyone know anything about buying a rental property to use as an Oxford House.
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24 September 2024 | 49 replies
So, I recently listed a property for rent or for sale by owner.
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25 September 2024 | 9 replies
I also love the I found networking to be one of the most important things I did starting out...specifically in-person networking at local real estate networking events!
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25 September 2024 | 17 replies
I've personally ridden my bike through the neighborhoods and seen properties.
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1 October 2024 | 12 replies
If your monthly income is $8,000, you could get approved for a mortgage payment of around $2,000–$2,500.Credit Score: For investment properties, a score above 700 is ideal.Down Payment: Investment properties generally require a 20-25% down payment, so for a $300,000 property, expect to need $60,000–$75,000 in cash.
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25 September 2024 | 32 replies
Lots of good investment opportunities for Section properties in the Cleveland market.
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24 September 2024 | 2 replies
What does scare me are hidden fees or liens on the property I cannot currently see.