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Hi, I was wondering if someone could give me a quick briefing on the economics of being a real estate broker, particularly in CA? So you make 2.5%ish per home? If you're the buyers agent, what are the other fees invol...
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Hello All,I am currently in escrow with a duplex zoned as RS 1-7 in accordance with San DIego County's zoning map and was looking to convert the three garages in the back of the building into another unit. I am being ...
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Hey everyone, In my quest to learn everything before buying my first property I am staring up at this large topic of being a landlord and all of the responsibilities that come with it. My wife and I are currently work...
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I have a deal lined up but I’m hesitant about moving forward. I am going to be using hard money to purchase the property. My problem is I have to rehab the property before tenants in which may take up to 3 months . Du...
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Hi!I've received an offer summary on an apartment syndication. There is a lot of information to dissect here. How do I determine if it is a good deal or not? After all, these are projected outcomes. Is 8% pref return ...
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After months of researching, I am ready to start investing in a Multifamily! Can someone please share the pros and cons of going to a bank vs a loan originator for a mortgage? I just started to discuss mortgages with ...
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Hello BPers,This past 2018 I purchased two rental properties under my name. The earnings are under an LLC after filing a quitclaim deed. I'm curious if there are any tax benefits of not renting your properties under a...
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My wife and I make over $150,000 with our W2 jobs. Tax accountant basically said we make to much to write off the depreciation of our rentals. Can someone help me understand this and is continuing to buy rentals even ...
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Hi Everyone,I am curious if I can seek some advice from the community. I've been under contract 4-5 times on multi-family buildings ranging from 6-8 units in Chicago and 1 18 unit building in St. Louis and every time ...
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I'm almost out of debt. My credit score is hovering at around 610. I don't currently have anything saved but between tax returns and some insurance claims, I should have at least 1k in the bank soon. Once I eliminate ...