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28 July 2019 | 24 replies
-As a broad stroke i didnt see that a 2br/1ba Condo was any Simpler on the math side, it wasnt some massive cash cow no one was catching, when you take rent and HOA fees Its basically like buying a home that's valued at $185-210k, its just that often times you can charge rents that line up with the 1% rule because a condo is often times in a more urban setting and as a generalization they match up.
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10 November 2018 | 2 replies
The last part of the story is that these properties have appreciated substantially.Two distinct questions come in this regard:1.
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22 November 2018 | 5 replies
I was able to get a couple sales and match my income from my previous W2 job.
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13 November 2018 | 9 replies
Better yet, think about creating a separate LLC for each flip (but again, IANAL, so check with one before going too much further)Third, consider that you may want an S-Corp for your flipping since that is Ordinary Income (NOT CAPITAL GAINS) and you'll owe not just ordinary income tax on that, but also possibly/probably self employment taxFourth, keep tracking each property's expenditures and matching it against its income when you sell it.
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13 November 2018 | 13 replies
This situation is one of the down sides of adjusting rent due date to match pay checks.
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13 November 2018 | 10 replies
@Kamenin Earl Banks if you are getting a 401k match from your employer, I‘d want you to grab that free money first.
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17 January 2019 | 8 replies
I actually heard about Exist Reality and there meet ups didn't match with my work schedule.
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15 November 2018 | 4 replies
There is a distinction on lending criteria between 1-4 units which are residential and 5+ units which are commercial.A residential loan, you typically get 15, 20, & 30 year fixed terms.
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15 November 2018 | 4 replies
The Realtor will get you into places and you can make sure your eyes match what the pictures are showing you.