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31 August 2024 | 10 replies
If so, we finance SPEC builds on a regular basis, both single unit and multiple/subdivisions.
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30 August 2024 | 5 replies
Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.
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2 September 2024 | 18 replies
The agency then asked me to answer questions on a voluntary basis, which I was happy to do.
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29 August 2024 | 8 replies
Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.
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30 August 2024 | 13 replies
To make matters worse, the IRS will recapture all of the cost-seg stuff that lowered your basis, which means you will be taxed on a significant gain, even though you lost money.
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30 August 2024 | 9 replies
Gayle, I can't give you specific advice on time to sell, but I am working with investors every day from all across California, who are thinking about moving their investments.
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29 August 2024 | 2 replies
The depreciable basis of the property was $641,100.
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30 August 2024 | 6 replies
Generally, for the optimal refinance, these are top of mind for BRRRR strategy investors:Return of capital: The key “secret sauce” of the BRRRR method is to build portfolios using the same capital over and over—which relies on getting your basis (or more) back on the refinance, where basis refers to the money you invested in the property (down payment and cash used for renovations).Speed: Refinance lenders use the term “seasoning” to refer to the amount of time (typically in months) between the purchase of the property and the refinance.
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29 August 2024 | 1 reply
You don't have to track your basis in the securities or calculate any capital gains.As always, please consult your tax professional for advice on your specific situation.
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29 August 2024 | 2 replies
My goal is to take what I know, learn more, and apply it to my everyday intentions.