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15 October 2024 | 26 replies
It is an interesting time obviously with an election and rates coming down and potentially a good amount of inventory being built but as the fall and winter come fewer people who put existing homes on the market which reduces competition for those first-time home buyers.
15 October 2024 | 69 replies
LPs will have to decide if PassivePockets LP-Only sections have the potential to reduce their risk or will enable them to increase their returns by 1% or more (1% of $50K invested is $500 per year).
11 October 2024 | 1 reply
Reference checks help you verify these attributes, thus reducing the risk of late payments, property damage, and eviction issues.
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10 October 2024 | 2 replies
It will add to your costs, but can save you time and reduce stress.
10 October 2024 | 0 replies
Cheaper mortgage rates can lead to increased homeownership, potentially reducing demand for rentals and making it challenging for rental property owners to fill vacancies or achieve desired rental rates.
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10 October 2024 | 7 replies
I’d suggest reaching out to Horry County directly to ask if they have any abatement programs to potentially reduce your property tax.
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11 October 2024 | 9 replies
Well, they did but they did not reduce my commission to AirBNB.
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13 October 2024 | 11 replies
With respect to your 2 questions, 1) when you sell the property, all the depreciation taken (regardless of whether it was used to offset income in the past) is subject to recapture.2) You can reduce your taxable capital gain by subtracting the selling expenses from the sale price.
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10 October 2024 | 9 replies
This would allow you to deduct the $11,000 immediately in 2023, reducing taxable income for this year.
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10 October 2024 | 3 replies
This means tenants are responsible for maintaining their mobile homes, reducing your maintenance costs.