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Hi all,
As titled.. I did a IRA withdrawal of 300k to buy 2 condos in May/June 2024.
I didn’t paid the 10% penalty fee.
I’m not currently working so my income is basically the 300k + (28k gross or 15k net) from a...
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As an investor who orders a significant number of exterior inspections on properties - I wanted to get others opinion on BPO’sPrimarily I find them useless. The valuations on them appear to be completely arbitrary and...
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This is the After:This is when we bought it:This is going to be an in depth write up of the work we completed on my first flip, located in a wealthy suburb of Detroit that will hopefully net us around $150k (eat that ...
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Even if you have strong positive cash flow from your rental real estate, chances are you still have a loss for tax purposes due to the depreciation deduction.
This is a great tax strategy because your positive cash ...
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Hello all,
I am wondering if anyone has had experience and/or success doing rentals on/near college campuses. It seems like a great idea to me to get into a 4 unit apartment fill it with college students who are will...
So myself and 2 co-workers who all share a common interest in REI have decided to team up and form a 3 way partnership to help split the duties and financial risks between us. We have decided to use the BRRRR method.W...
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Hey BP!
My business partner and I are excited to share we’ve taken solid action in the past few months to get our business off the ground. We already own a high performing student rental in Windsor, ON which is cas...
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Hi folks,
Total noob here, planning to make OOS buy and hold investments.
As I learn more about this business, I think one of my biggest weaknesses is that I know nothing about house construction or rehab.
I grew...
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I've got some earnest money down on a fixer upper, but I've realized there are more problems than were written down on the disclosures form. Is this grounds to back out of the deal and get the earnest money back?
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Hello all, I've been on the forums here for about 5-6 months now learning about REI as well as providing candid and anecdotal responses related to construction being a licensed architect myself. I've had several conne...