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28 January 2025 | 4 replies
Reporting the proceeds you pay to seller on a 1099 sounds reasonable.
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2 February 2025 | 0 replies
I like the fact that one and a half units pays all bills.
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15 January 2025 | 29 replies
Closing costs - you will have to pay taxes/stamps etc. typically as a seller.4.
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3 February 2025 | 5 replies
Now, this would obviously be negatively cash flowing since you would need to pay taxes and insurance.
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5 February 2025 | 4 replies
You will be paying 6-10% for just having them collect rent.
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9 February 2025 | 3 replies
Less RiskWith traditional rentals, if your one tenant fails to pay, you’re in trouble.
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5 February 2025 | 6 replies
The only purpose of the account would be to collect payments and pay bills like taxes and insurance on assets held by the LLC.
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30 January 2025 | 6 replies
Some PMC's will charge a lower percentage fee, but will charge it whether tenant paying or not.
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13 February 2025 | 9 replies
Each former member is then free to either do a 1031 on their % interest or take the cash and pay the tax.The opposite manuever was more common until around 15 years ago.
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28 January 2025 | 4 replies
We only needed to pay earnest money and a portion of the closing fees bring upfront investment to 12-15K.