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20 April 2024 | 34 replies
Couldn't have said it better myself mateThe pure fact that the poster is going out of their way to post about us is proof that we made the right decision.We "dodged a bullet" per se.I "touch" every investor inquiry because we keep our operation boutique and exclusive.7+ years later and 3,000+ investor calls, plus a thorough pre-screening process enables us to quickly make a decision if we are going to be a good fit.I have a detailed log in the CRM of basic questions asked that I won't reveal because I don't like dirty laundry being exposed.Plus my undies are Extra Large so I don't want anyone getting a complex heheheWe can sell houses to everyone until the cows come home but that's not the way we view our operation...It's not just about us but also making sure that we can deliver on the investors expectations.Do we sometimes make mistakes and turn down a potentially good fit?
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17 April 2024 | 9 replies
Insurance companies have many exclusions and they may not cover everything, but they can help to pay for some of the costs of a lawsuit.Good:Using one LLC for all of your rental properties.
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16 April 2024 | 7 replies
And of course, you don’t qualify for the full 121 primary cap gains exclusion….from your numbers, 5/18’s (about 28%) of your gain is exempt under the 121 exclusion since you had Non Qualified use for 13 of those 18 years.This doesn’t consider whatever time, if any, you actually lived in it between 2011 and 2018
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16 April 2024 | 3 replies
Lodging is deductible, too, assuming that you're there exclusively for business purposes.
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21 April 2024 | 240 replies
That guy isn't with Ohio Cashflow heheJokesSorry we couldn't assist Patrick.Unfortunately, our business model doesn't suit everyone's needs and we are actually known for turning more down business than we take on.Our doors are soon closing to all new investors and we will stop taking on new business.We want to be known as the most exclusive and "hardest to be a part of" turnkey company in the country.Much success with your endeavors
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16 April 2024 | 9 replies
For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.
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16 April 2024 | 9 replies
I moved in with a good friend of mine and her adult daughter to their apt in Phoenix.
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16 April 2024 | 2 replies
The amount of the gain exclusion when the house is sold will likely be impacted, I recommend your family member speak with a CPA when they plan to sell just in case their fact pattern has changed.
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15 April 2024 | 3 replies
I haven't found an answer to this specific question on BP or elsewhere online: if I die, and my SDIRA that holds investment property goes to my adult child, what are his/her options?
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17 April 2024 | 16 replies
They are cheap, good networking, and they will tell you who the good "investor" contractors are, those that don't charge retail for repairs because they work exclusively with investor properties.