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25 June 2019 | 3 replies
In a way, I am just trying to prevent myself from forgetting something small that is vital for my guest.
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25 June 2019 | 0 replies
Our monthly portion of rent covers the mortage but cash flow is essentially zero (we profit maybe 100 bucks a month).I have always viewed this as a free ticket to eventually owning the house, we will pay off the mortage in 7 years and then the rent would be "free money".
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11 July 2019 | 106 replies
It is vital for me to investigate and finally make a decision.
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29 June 2019 | 5 replies
Depending on how bad is the foundation state (how many inches you have to correct), is very possible the sewer line will disconnect/break in the horizontal portions.
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12 July 2019 | 14 replies
Buuuuut, on page 3, which is where the company-authored portion begins, it states: "This contract creates a mortgage or lien against your (Owner's) property to secure payment and may cause a loss of your property if you fail to pay the amount agreed upon."
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29 June 2019 | 8 replies
From a strictly cash flow perspective, not ROI, Cash on cash, etc where you would benefit from the leverage, paying an expense such as mortgage interest only puts a portion of that back in your pocket on taxes.
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28 June 2019 | 3 replies
Fairly new to this and although I understand how to run most of the critical calculations to analyze the deal the part I am struggling with is understanding the best methodology when it comes to the "Refinance" portion of the deal.There are (2) extremes:Option 1: Take the full LTV that is offered even if it means running cash neutral/negative as it is buying the next house and the combined income of the (2) houses versus one is more than just the one.
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16 July 2019 | 3 replies
What are some options for their ability to request repayment of their contribution plus their portion of the appreciation?
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11 August 2019 | 3 replies
I'm looking to buy my first property and house hack and ideally remodel a portion of the house to add value and pull the money I used to remodel back out after refinancing.
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1 July 2019 | 53 replies
. - the idiot lawyer who set your business up as an S-Corp probably was under the impression that you were a serious investor (based on your acquiring a property at 10k and rehabbing it/ there’s a name for that strategy you know) and was trying to save you money by structuring your business such that you could pay yourself a portion of your profits (and pay taxes on only those payments), while retaining the remaining untaxed portion.