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Hello! My fiancée and I will be beginning our real estate investment journey in 2024 and are looking for any suggestions or pointers as we make some of our initial decisions.
We live in Los Angeles, so it’s probab...
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Hi everyone!After a lot of learning & reading I've made my first offer on a 4 family building in Brooklyn, here are the numbers:Price: 1.28M (FHA 3.5% downpayment = 44.8k, closing costs = 32k -> total money dow...
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I've tried google and BP but they haven't been my friend on this topic so I'll have to post here. I live in California and I'm starting to do flips all over the country. I want to set up an LLC with an S-corp for tax ...
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I checked out my trans-union report, and it said that like a measly $7,000 in sallie mae loans that I took out a few years ago are utilizing 48% of my revolving credit. Isn't that going to hurt me when it comes time t...
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Hello Everyone,
I have a couple of questions in regards to some real estate that I purchased 2.5 years ago. First a little background...I bought about 25 acres of farmland adjacent to some lake property that is famil...
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Tax implications of selling a long term rental property that has appreciated and been leveraged.Hoping to better understand my current situation, appreciate any insight.I have a home that I purchased in 2012 for 32k. ...
I've been looking for my first rental property in Buffalo, NY area and using the rental property analysis tool from this site to do evaluations. I use estimates of 5% vacancy, 5% repair & maintenance and 10% cape...
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Again, not super cleaned up. Copied and Pasted off of my notes on my iPad. Enjoy!Dave Ramsey Money Makeover Chapter 1: Total Money ChallengeChapter 2 DenialFrog in Warming Water example - If a frog jumps into a BOILIN...
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I’ve got about $45k in my TSP and had been considering pulling some out via a TSP loan to use as a down payment on a potential flip. I’m not retiring any time soon so I’ve got plenty of time to repay myself, and I’m ...
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My partner, who is a dentist, and I acquired out first commercial multifamily back in February. I have been intrigued by the possibilities of cost segregation to increase depreciation and insure that we offset our inc...