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19 September 2024 | 30 replies
One reason they should be able to do that is literally because they manage a lot of properties and can toss contractors business on a regular basis.
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16 September 2024 | 10 replies
Kudos to your regular buyer agent for "stepping aside" and staying out of a transaction where he/she might not be needed.
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13 September 2024 | 9 replies
In my jurisdiction, they will adjust your taxable value the day you close, and if it has been a while since this deal closed, often times the taxable value that seller is paying on has not kept up with market values.
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13 September 2024 | 8 replies
In short, if I invest $100k on a new property for long term rental, I want to make sure that I can position the $100k fully as a business loss in 2024 reducing my total taxable income by $100k.
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14 September 2024 | 6 replies
If it is a regular rental, draw up paperwork that clearly outlines how much money they lent you, when it will be paid back and how much (eg if you buy a house for $400K and 10 years later they move out and it sells for $500K-do they get a percentage of the profit (after taxes and costs)?
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15 September 2024 | 7 replies
Notice may be given by: (A) regular mail; (B) certified mail, return receipt requested; (C) personal delivery to any resident; (D) personal delivery at the property to any occupant over 16 years old; (E) electronic mail delivery to the email address used by the Tenant to submit the lease application.
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16 September 2024 | 35 replies
I have been reaching out to him for a while now, getting free resources from him which he regularly posts about and also chatting, he has given me great advice and his resources were really helpful.
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15 September 2024 | 2 replies
Yet courts do it regularly, and their decisions often reference intentions, as interpreted by the judge.From this angle, it is useful to guess an intention of a particular tax law before trying to use it to your advantage.
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11 September 2024 | 7 replies
All of those expenses to keep up the property are deductible from the rent paid by the tenant so they reduce taxable income which directly reduces taxes.
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12 September 2024 | 13 replies
Honestly if you want to invest, you are better off having a 9-5 that will give you a good, regular income and allow you to buy rentals.