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My credit score is low (540 FICO). About 40K in debt and thinking of filing BK. From a lender's viewpoint, is it less favorable to have a BK than low FICO? Does it matter?
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I am a little bit confused about step up basis.It is my understanding that when you die, your property transfers to your heirs with a step up value to the current market value, so if they sell the property for that sa...
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I am a newbie to the investing game and I am looking to purchase my first investment property. The property is a multi unit 4 bed 2 bathroom that cost a total of $67,500. Both units currently rent at $550 so the total...
A brief description of the scenario, and then I'll post some more specific numbers below:Almost two-years ago I moved to South Georgia for work and bought a house very quickly as the move was rushed. I had hoped that ...
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I've gone on several property tours for duplexes in my city. I've noted a few things that need to be fixed up, but I was hoping I could get some input on what you would fix up in order to get a decent tenant.Some thin...
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I am trying to organize the purchase of an apartment building from a colleague. The building has doubled in value since he has owned it, and he does not want to take the huge tax hit from selling, but he does not want...
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I JUST closed on a flip I had a lot of money into and am looking to buy my next deal. This time I'm looking for a cash flowing, long term hold to rent out. I found one that needs some rehab but will cash flow, HOWEVER...
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I'm from West philadelphia born and raise.... No! I'm not the fresh Prince. Lol. I did make bel Air money in real estate without uncle Phil!All because I turn negatives into positives! Use my resources and worked har...
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A client of mine is buying a large single family rental in Clifton, a neighborhood of Cincinnati, very close to the University of Cincinnati and to a few major hospitals. It's also less than a couple miles from downto...
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I am currently living in Los Angeles and I make a very good income. I've saved up a significant amount of cash and Im eager to get started in REI. However, I’m undecided on where I should start. I now work remotely,...