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A long term buddy of mine just informed me he had purchased a 5plex apartment in California about 7years ago in which he would like to sell now. The property gained about 350k in value(Equity). Meaning if he sells he ...
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Hello everyone, hoping to start BRRRR investing this spring but I would like to talk more about business structure than anything. I understand that each property will most likely be formed as an LLC, but I know there ...
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So my wife and I owned and lived in a duplex here in Austin TX from 2015-2017 (just over 2 years). We then moved to a new duplex and rented out the original one. We are now selling the original duplex in order to fund...
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Hello BP!I am researching property management fees and just spoke with an agent who claimed property fees in the Smokey Mountain TN area (typically STR's) were typically 20-30% of rental income. This seemed wild compa...
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Hi all!I had a pointed question related to the home office deduction. I am a real estate agent (licensed in May), an attorney with a full-time job separate from my real estate business, and an investor with several pr...
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Hello fellow tax lien BP'ers.I bought a few certificates last year at a sale in indiana. These were lower end properties that has all basically been abandoned, but most were in decent condition. Well, one was a part...
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Hi all! My boyfriend and I are looking into real estate investing. I am looking into getting my real estate license and he is looking into becoming a home inspector. I know these aren't necessary but we would like to ...
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I have a property under contract, I am the seller and for the record I do want out of this contract. I received a conditional loan approval (CLA) from the buyers on 4/4 that still had several conditions that were not ...
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Hello All, Please excuse my ignorance but here my situation. I've owned a duplex for 5 years but have only recently started learning about what it means to be a real estate investor. In years past I have filed my own...
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Hi! I recently went to a RE conference and there was a company there called Platinum Trust Group (platinumtrustgroup. com) that told us about proprietary irrevocable spendthrift trust. Basically, they're saying that ...