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11 November 2024 | 12 replies
Quote from @Katie Nolan: Here's the Oregon Landlord - Tenant Law: https://www.oregonlegislature.gov/bills_laws/ors/ors090.htmlHere's a handbook that may be easier to understand: https://oregonlawhelp.org/resources/landlord-tenant-law-oreg...If you're going to be successful, particularly in a heavily regulated state, then I recommend you study the law regularly.
13 November 2024 | 8 replies
The job would be easier for the installer, the tenant would be happy with your assistance, and you'd be able to improve the property thus increasing the value of the home.
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12 November 2024 | 1 reply
If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.
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12 November 2024 | 8 replies
The people appear as guests and will tell their story, then you google that person and you find they are partner in XYZ syndication.Linkedin: Look for anyone that has a headline of "I help business professionals create passive income through real estate".This will get you a lot of sponsors and/or capital raisers for other sponsors.
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11 November 2024 | 36 replies
Once those are complete, rough plumbing, electrical and mechanicals can be started (rough plumbing should go first, then mechanicals as these are the larger sized items and rough electrical is easier to work around them than vice versa.
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7 November 2024 | 3 replies
Based on what I'm seeing in some FB groups (don't intend on buying here), there appears to be a lot of scammers.
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11 November 2024 | 5 replies
It also allows you to grab debt from bank easier since there is more revenue and expenses going through this compiled LLC vs. each individual LLC.
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11 November 2024 | 4 replies
A straight LLC will be far easier to get a loan or open a bank account, but doesn't provide the other benefits of a Land Trust.
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12 November 2024 | 6 replies
It's easier to pay the buyer and let them deal with it.
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12 November 2024 | 10 replies
Much easier to put your cash in a different investment vehicle with less risk.