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New to wholesaling and I understand that there are sharks out there who only want to make quick cash and upcharge the contract with outrageous numbers but I would like to genuinely make a career out of wholesaling and...
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I just met with a bank VP of a local (smaller) bank. They mentioned that even though I'm interested in single family homes for investing... They are all considered 'commercial' investments and would require 20% down ...
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Hi all-I was reading one of the blog posts on the Short Term Shop blog about Schedule E vs C, passive vs non-passive. In the blog, they reference, "According to Treasury regulations, vacation rental owners who rent th...
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In today’s market and where we are in the economic cycle I think it’s even more important to follow the one percent rule especially when borrowing money. What do you think?
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I’ve heard both the 1% and 2% rule thrown around on bp, and it seems to me like these are pretty different numbers. Does anyone actually find 2% properties? And I feel like the 2% rule is more of an exception rather t...
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Hi everyone, We accepted an application with higher security deposit because of their credit score. We sent out an approval email and we got the response with unpleasant attitude stating that we were trying to force t...
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The more I learn, the less I like my conventional IRA invested in stocks. Am I correct in my thinking that I could transfer into a self directed IRA and use those funds for lending and accrue that interest tax differ...
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Can't take the credit, was searching for tips on tax breaks for Landlords and happened upon this link - http://www.nolo.com/legal-encyclopedia/top-ten-tax-deductions-landlords-29497.html
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I have a rule In my buildings that Nothing is allowed in hallways, all tenants are compliant. one tenant recently started puuting out stuff, her mop and bucket, big kids bike etc. I have asked her please not to keep i...
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I've read books and these forums, but all I really see about property managers is that they "take care of everything". So let's say I have a 6-unit multi-family, and hire a property manager.
What would I end up need...