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27 May 2021 | 6 replies
To determine if you are overpaying for the property I'd suggest looking at other properties that are similar to yours that have also recently sold and comparing them to the property you want to buy.
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24 May 2021 | 1 reply
Numbers look great compared to my market.
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26 May 2021 | 4 replies
Is the price based on the numbers it generates as an AirBnB or market price compared to the houses around it?
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25 May 2021 | 2 replies
If you are self-employed or own a small business - you will be eligible for a truly self-directed Solo 401k plan, which is exempt from UBIT on leveraged real estate, has contribution limit nearly 10X higher compared to an IRA and number of other benefits.
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28 May 2021 | 8 replies
Purchase a duplex in San Diego and live in one unit - PROS: essentially get help paying my mortgage via rental income, proximity to rental property, maximizing FHA loan on a more expensive property (maximizing my down payment in a low interest rt environment) CONS: The market is so unbelievably expensive and rents are not comparatively high enough to really make most moves profitable, high Debt to Income ratio thereby limiting my ability to purchase again2.
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28 May 2021 | 6 replies
Stop people you see actively working Ask friends, family, social media (FB, LinkedIn, etc.)Go to Home Depot EARLY (6 AM) and see who is there getting a jump on the dayAlways provide people with a clear punchiest and get multiple bids so you can compare apples to apples.
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26 May 2021 | 9 replies
@Alex GoncharovReally depends on the local market, type of property, target tenant, rent amount compared to ave market, etc.So, not something I can answer for another city.
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2 June 2021 | 13 replies
There are some extremely supply constrained markets where the national average over decades won't compare.
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19 July 2021 | 4 replies
@Justin GottusoThe unique tax thing about Ohio compared to other states in the county is the abundance of locality/municipality returns within Ohio.You may be required to file a separate locality return if you are doing business within that locality.I.E. if you have a rental in Cleveland and Cincinnati, you may be required to file a Federal Return, Ohio State Return and two separate locality returns.Below are some tips to find a Local CPA that specializes in real estate1) Attend a Local REIA / Real Estate meetup and see who other investors are using as a CPA2) Network with other investors from your City/State that you find on bigger pockets and see who they use as a CPA3) Look for CPA's with good google/yelp reviews where 'real estate' is mentioned in the review.
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31 May 2021 | 15 replies
The front yard imo now looks terrible and now kind of regret removing those shrubs because it also served as a privacy wall, which I like.I thought about a fence, but now against the idea based on cost, surrounding area, and comparable.