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Hello, first time posting here.
I'm contemplating the sale of a rental property I own. I have a net equity (after commission + repair allowance) of $116k in the property. The home is worth 300k. I'm wondering if a 1...
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I'm an active investor, but I don't qualify as a professional REI. I'm trying to understand what types of business related expenses I can deduct. I have created an LLC that I will be using to buy my investment prope...
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Team,Just getting started with real estate investing and getting my first property under contract. I did a pre-qualification with a lender who provided me a rate once the property was finalized. The property value is ...
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I'm reading a book right now that suggests it might make sense to lower your property insurance as you pay off more of your loan. So if you take out a $200K policy to cover your $200K house, but then pay down $100K of...
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I'm looking for best practices to employ while shopping for mortgage loans for investment properties (small multi-family and SFR). My standard approach is to pursue 3-4 lenders when applying for a mortgage. I typica...
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I reached out to my accountant about doing a cost segregation study in order to utilized the accelerated depreciation, and he said that it’s usually very cost prohibitive and is hard to justify unless you have a very ...
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I have lived in my past primary residence for 13 years. I am considering renting it out for a small period of time, then selling.What are the rules for doing this.If I lived in it for 2 years, of the past 5 before the...
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I started a cash out refinance right before the Coronavirus craziness happened and was told today that the lender wouldn't be able to close on it now due to my duplex investment property being a property type that the...
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everyone said quitting their full time job. i work for the city and the biggest benefit of the health insurance is only a few dollars per month for my family. i went to those health insurance truck that parked on the ...
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My wife and I "fell" into renting out our prior residence after we bought/moved to another home and a neighbor asked if we were interested in renting out or old one. We've since had the same “great” tenant for over 3...