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25 April 2024 | 209 replies
you add it to the price, and then happily pay it out...That'll happen for sure, in some instances but then that's just like it is now.
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18 April 2024 | 3 replies
Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.
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18 April 2024 | 16 replies
In fact, in some instances even negligence will only lead to a carrier covering legal representation under their reservation of rights and will not cover any settlement or jury award.
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18 April 2024 | 27 replies
There are only three instances where it makes sense to buy solar panels for your house.1 - You are living off grid. 2 - You live in a state that has sky high electric costs AND great tax insensitive.3 - You have lots of money, don't care if you are paying more, and want to feel like you are saving the planet (even though you really are not).
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21 April 2024 | 240 replies
OCF inherited these tenants from the previous owner and I hope that their own screening process helps minimize future instances like this.
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20 April 2024 | 33 replies
It does allow me to tag different owners (my LLC vs properties in my own name, for instance), but I couldn't figure out how to run reports specific to each, nor could I figure out how I might use this to track my realtor side-hustle, deal with my owner-occupied duplex, etc.But in spite of the sadness around the accounting, there's something about this package that I really liked.
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16 April 2024 | 2 replies
For instance, if a property worth $10 million brings in $100,000 per door, the cap rate is $100,000 divided by $10 million.To quickly size up a deal, I rely on the 1% rule: if the price is $100,000 per door, I expect to see at least $1,000 in monthly rent.
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16 April 2024 | 12 replies
For instance, one "expert" I wasted my time/money on because he wasn't as informed/educated as he pretended to be.
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15 April 2024 | 2 replies
@Jena VailThat is how we prefer to sell owner financed is the 10/10/10 rule(10% down 10% interest for 10 years)We have modified this in instances for larger or smaller down payments or changed amortization but had a ballon
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16 April 2024 | 8 replies
If so, say you have a right to do whatever you need to, if you give me a copy of the recorded lien I can forward it to the title company.You can also ask the closing agent to look into it.In many instances, a subcontractor got into a dispute on payment and then threatens the homeowner since they will not get it from the builder.