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6 February 2025 | 18 replies
You're gonna want to be around $400k purchase price to be in a good area too.
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7 February 2025 | 7 replies
Purchase the home with the condition that the tenants have vacated.
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19 February 2025 | 14 replies
It cannot be offset by rental losses, including cost segregation.
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31 January 2025 | 3 replies
In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).
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4 February 2025 | 1 reply
Charge the tenants a higher rent rate and include utilities with their rent.
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19 February 2025 | 23 replies
I used bank/credit union mortgages for 80% to 97% of purchase prices.
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11 February 2025 | 10 replies
Our program only requires a small 10% down payment on the purchase price and we will fund 100% of your rehab costs.
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9 February 2025 | 8 replies
I was to purchase a house in NC, but due to some information that was not disclosed about the house, we decided not to buy it.I will be getting my due diligence money back and asked for money back for inspections but seller refused.
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21 February 2025 | 250 replies
Elon said end all EV subsidies, including his.
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13 February 2025 | 5 replies
Purchase price: $417,500 Cash invested: $37,575 Technically a single family by zoning, though set-up to be a duplex, with 3 beds and 2 baths per unit.