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Hello all,I was wondering when it comes to a fix n flip how much should be allocated for contingency funds? Is their a particular percent or $ amount of the ARV that should be allocated for contingency? Who sets the c...
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Hi,
I have a question: looking to 1031 out of 3 properties as a portfolio sale. New property will be equal or greater in price as per the rule. When I buy the new property I will now have 50% equity in the property....
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*This link comes directly from our calculators, based on information input by the member who posted.I'm currently trying to wholesale this deal and the report shows the minimum it could be rented (should ...
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So I am about to start renting out part of my home. Is there a way that I can avoid paying taxes on the rental income? Could I have my renters pay my mortgage rather than pay me? Like have them give me a money order t...
Hi I was looking at on market deals in my area. I understand when we do off market deals and FSBO deals usually closing costs are paid by the buyers which is a selling point when negotiating with sellers. But when it’...
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Hi,I own a 2 building 4-plex in San Francisco. I did an Ellis Act and the two units in the back building are empty. I'm considering selling the two units as TIC and I have some questions. Does anyone know if I can use...
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Background: We bought our first home this year and are renting out the extra bedrooms through AirBnB. We'll receive a 1099-K from AirBnB on the earnings and are not exactly sure how our tax situation with regards to t...
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Wrapping up a new construction duplex right now. Torn between selling and keeping. Want to keep it, but when I account for all expenses the cash flow is really rough. My question is...how much should I allocate/factor...
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I am currently on the search for an 10-15 unit c-class multifamily (purchase via 1031) in the $1M range. When analyzing and running numbers, what tends to be the difference in expenses (repairs, cap ex, maintenance.....
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My name is Andrew, a current investor/blogger looking to start building my assets and reducing my liabilities (I'm fresh off the book "Rich Dad, Poor Dad")I currently work at a company that offers a very handsome "ho...