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29 November 2024 | 6 replies
When someone else is on ownership (or deed/title) then they would need to sign a couple of things at closing to give permission for a lien to be applied to the property they own - but that doesn't mean that HAVE to be on the loan.
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29 November 2024 | 12 replies
But for a sole member or husband and wife owned entity, too easy to do to waste money paying someone else to do it.
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27 November 2024 | 4 replies
I was wondering if you ended up going with them or someone else and how it was going?
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26 November 2024 | 3 replies
Document the time you spent on the property compared to others, especially if you’re trying to qualify under the “100 hours and more than anyone else” test.
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28 November 2024 | 13 replies
The only thing that no one else has mentioned is that required by law on site agent?
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19 November 2024 | 5 replies
I am in contact with someone I met through Facebook. He says he has Cash buyers in (State), and is will to work under JV. Would it be possible to share my properties that I have under contract to him without him swoop...
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26 November 2024 | 4 replies
Spending more than 100 hours and more than anyone else, or substantially all the time in the business.So if you own an STR and meet the test, you can set up a tax deduction machine.Some issues -- You have to count your time, and the time other people work in the biz (cleaning, maintenance, etc..)- If use the property more than 15 days or 10% of the time it becomes a residenceI suspect this is part of why the STR trend has picked up so greatly amongst professionals working in tech.
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3 December 2024 | 9 replies
I have come to the realization at least for me.. is they just give you the plans and if they are not kicked back fine they dont have to do anything else if they are they will address it at that time.. thereby costing us time and money.
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28 November 2024 | 184 replies
He is working on an update for creditors soon.Did anyone else email him and get reply today?
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30 November 2024 | 14 replies
I would probably focus on three things. 1) filling the vacancy for as close to the old rent as possible (to help with refinancing or selling 2) refinance it and talk to a few different banks/brokers. 3) If all else fails, list it and 1031 into another project.