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21 April 2024 | 7 replies
That is pretty rare as people like that simply don't go anywhere until they get a medication regimen that works.
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21 April 2024 | 8 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.
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20 April 2024 | 7 replies
These could include any legal, licensing, office, and even medical expenses.
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21 April 2024 | 41 replies
But if your residence is a single family or duplex, you can pull all of the permits yourself under the owner-builder exemption of the FL statutes.
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21 April 2024 | 14 replies
I like this strategy, because if all of their info checks out then you're most likely getting a quality tenant in place, especially with medical professionals that require strict background checks.
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19 April 2024 | 13 replies
Alternatively, consider furnished rentals, particularly for students in medical programs or those undergoing residencies.
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19 April 2024 | 9 replies
I posted a series of comments in this Bigger Pockets feedhttps://www.biggerpockets.com/forums/925/topics/1164202-folsom-could-see-over-500-000-square-feet-of-new-doctor-s-offices-and-medical-clinics
18 April 2024 | 3 replies
Normally in a spot like this, we would recommend to a client that you sell your primary residence and claim your capital gains exemption under Section 121, but you have two strikes against you: (1) you have not lived in this property long enough to qualify for that, and (2) I'm hoping you already claimed an exemption on the sale of your other primary residence a few months ago, and you can't claim Section 121 exemptions within 2 years of each other.
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18 April 2024 | 5 replies
Also, have you given them notice of exemption of AB1482 (Tenant Protection Act) assuming it applies.
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18 April 2024 | 3 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.