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I've tried doing searches for some contracts people use to do their wholesaling deals but I haven't really come up with anything. I was wondering if anyone wouldn't mind letting me see their 1 or 2 page purchase contr...
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I like to buy and hold single family homes for rental. I have a strategy that has been working very well for me. Of course, conventional financing is becoming increasingly difficult. I've seen other financing metho...
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I have a year left on my lease and I have not missed a payment to owner even though she was in default. Will I be kicked out the day after the auction if someone buys it? I'm worried the sheriff will lock me out and I...
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When I bought my property 6.5 years ago, I was a total newbie and pretty much did everything wrong. Bought when the market was still high (and interest was at 7.5%) and then shortly after, the bubble burst and my pro...
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So I know the "standard" way to calculate the 70% rule of thumb is to take the ARV x 0.70% and then subtract the rehab costs to come up with your MAO.My question is why wouldn't you take the ARV and subtract the rehab...
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Hi Guys,
Currently in escrow for a tenants occupied duplex in Los Angeles. We already got the tenants to agree to cash for keys to move out. They agreed to accept $2500 each (1 months rent) upon move out Oct 2020. ...
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Hi everyone, My wife and I have been saving up to make our first move into real estate investing together. Our plan is to purchase a buy-and-hold property with long term renters. We are looking for properties under $3...
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Does anyone do their own accounting? I'm trying to set up "asset" reserve accounts for Vacancy, repair & maintenance, and cap ex. how do you do this or are you accruing your expenses? How do you save for the expen...
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It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention...
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Last week I pulled the plug on the purchase of a fourplex during inspection because the numbers weren't going to work out if the RE market dropped much and the property needed rehab the owner didn't want to deduct for...