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Received an email this morning with homes in a good area here in Houston but issue is all flooded during Harvey. These are off market and Seller would like to sell them all and is highly motivated. Wants to meet to to...
Hi, I am planning to buy a home. As I don’t have enough savings for that, I have no option other than a mortgage finance. I don’t have any previous experience with mortgages. So, I asked my friends for their suggestio...
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I really want to work with a lawyer right now in setting up the structure of my business plus assist me with deals when I have questions however I just cannot afford legal fees right now. I have heard many people talk...
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Hi there, I'm located near the Los Angeles area and currently have a few small residential investment properties in CA and looking to start investing out of state. My goal is to build a team online and irl to help wit...
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Hi Everyone, I have yet to buy my first property and I am in the process of looking at properties in order to make my first purchase! I am currently located in Chicago and I am looking to buy my first property in the ...
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I am a 1099 “self employed” musician out of Nashville. I’m wanting to house hack ASAP but I show so little on my tax return that I would not get approved. I’m looking into starting up an LLC taxed as a S Corp to relie...
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Hello All,I have a condo unit in the Midwood area of Brooklyn, New York. I did not list this on the public market yet. The building is newly developed and still has tax abatement for 10+ years. My tenant has moved out...
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I just want to be sure I'm using the 50% rule correctly.
I'm looking at a property, I estimate the property will produce $650 per month in rent.
So the 50% rule assumes that expenses such as maintenance and vacancy ...
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The state has a ton of unsold tax sale properties that have an expired redemption period. Is it not worth trying to profit from these properties held by the state? Once you become the new tax deed owner, how soon w...
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This is my first project. If I build a house, pre-sell it when almost done, then actually sell it when done, do I have to pay social security taxes on the profit? I know as a short term gain I would have to pay inco...