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5 March 2024 | 70 replies
In 2021 I bought my 4th property.My advice about 'a lever to pull,' is to find a real estate agent, tell the agent your criteria, get on their e-mail list so that new listings get sent to you as soon as the properties get listed.
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8 March 2024 | 121 replies
It is like arguig is stock that has better P/E or P/S would raise in value ?
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3 March 2024 | 1 reply
Under IRS Publication 587, you can depreciate this 10% portion of your home over 39 years using the straight-line method.The 100 sq. ft. of exclusive tenant use could be utilized as rental property expenses, accounting for another 10% of your expenses, which would be shown on Schedule E of your tax return.
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4 March 2024 | 46 replies
If you dont have 10 to 20% cash that you have saved frankly you have no business trying to borrow money and do a flip your way to high of a risk.Does 100% happen sure it does alot but for very experienced long term clients of certain lenders it simply is not real on the internet face book social media or anyone sending you a blind e mail or PM on bp.
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3 March 2024 | 12 replies
You also mentioned leases, which key check offers for $30 with e-signing.https://www.keycheck.com/I've been a partner agent for nearly a year and enjoy hearing that client owners love Furnished Finder.
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5 March 2024 | 199 replies
With my young son, full-time W-2 job, the fact that I have been consuming a lot of educational materials until now, I just haven't been able to get everything on paper.But as I finish up The E-Myth Revisited, I think I feel comfortable enough to start putting everything to paper, start getting out into the area, and lining up some funding alternatives.Wishing everyone success!
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29 February 2024 | 5 replies
Should I file Schedule C or Schedule E?
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4 March 2024 | 59 replies
Read and familiarize yourself with these:Residential Rental PropertyBusiness ExpensesBusiness Use of your HomeTravel, Gift, and Car ExpensesSchedule E InstructionsPrimarily focus on "Residential Rental Property", "Business Expenses" and "Schedule E Instructions".
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1 March 2024 | 9 replies
Juice is not worth the squeeze.It’s okay to walk away.
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2 March 2024 | 8 replies
Peter,That does not sound accurate based on having a Schedule E and being able to take those deductions as well as other standards.As an investor it’s not a bad thing to show more gross income which usually allows you to buy more properties with more income and a lower DTI.