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21 November 2024 | 3 replies
A 1031 exchange is a great way to indefinitely defer the tax and use it to grow your RE portfolio, and build long term wealth.The most important factor in a 1031 exchange is that your qualified intermediary must be in place prior to the closing of the sale of your old property.
19 November 2024 | 10 replies
First of all I put my acceptance criteria clearly in the ad: minimum credit score (enter X amount, 620 is what I use),income 2-3x rent, good rental history, references, no evictions, acceptance dependent upon background check and employment verification, pet policy, desired lease term, etc. so that people will hopefully read that and not come to the open house if they know they won’t qualify.
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19 November 2024 | 10 replies
If you have lived in the property for two out of the previous five years you could qualify for the 121 exclusion, where you get the first $250k ($500k if married) of the gain tax free.
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21 November 2024 | 21 replies
That does not qualify as "managing repairs."
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20 November 2024 | 9 replies
It's also worked pretty well if doing STR since you can just qualify with AirDNA projected income, even if you have no STR experience.
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13 November 2024 | 14 replies
Has anyone worked with Upright in the past 2 weeks or so. It seems a lot of people have left, and it's difficult to get anyone to answer. Are they still in business?
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21 November 2024 | 4 replies
If you are still working there, you can ask the plan administrator if you qualify for an in-service transfer.
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22 November 2024 | 12 replies
You Keep The Deposit And If You Want To Do A Buy Out Which Usually Is A Months Rents Or More That Will Give You Some Time To Find Another Qualified Tenant.
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5 December 2024 | 554 replies
There is no reason to formalize all the paperwork because the cryptocurrency uses a recorded ledger.
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28 November 2024 | 184 replies
Additionally, the company neither authored nor provided the purported “malwareattack” letter to ORES, and Trofimoff’s claims about filing a formal complaint were fiction.