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5 March 2024 | 7 replies
Not my style but alot of money in that business FWIW.The current rent collection h*** we are in today, certainly unhappiness vs how happy we where just a year ago.- No good rent payment ACH status across the portfolio Today vs what we had.
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6 March 2024 | 13 replies
DSCR loans are business purpose, so you wouldn’t be able to occupy the property.
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5 March 2024 | 25 replies
We have been in the business almost 65 years.
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5 March 2024 | 5 replies
It's a good rule of thumb to follow mate.We always get caught up on the potential of a deal or business and don't focus on a "worst case" scenario.Experience has taught me to become a "Negative Nancy" first and evaluate the downside from a risk assessment standpoint.I would always get too carried away and am optimistic and easily influenced to believe in the best in people and ventures.Only to get my A$$ handed to me on a plate.Well not anymore... lol
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5 March 2024 | 10 replies
They have below average management fees and have been in the business for decades.
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4 March 2024 | 8 replies
Hey Karen, A misconception about the real estate professional status (REPS) is that you can be in a real property trade or business (in your case, broker) and still qualify.
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5 March 2024 | 27 replies
I suggest you listen to free podcasts on land wholesaling, build a business plan, and then work it (Wholesaling Inc is a great one).
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4 March 2024 | 7 replies
I am a realtor based out of Cleveland, OH and I have a client who is looking to lease a commercial space for his business.
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5 March 2024 | 11 replies
For example, if you dedicate enough time to real estate businesses and real property trades, you may qualify for the real estate professional tax status which is potentially a great way to reduce high W2 taxes.