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14 November 2024 | 12 replies
Real estate is a dynamic field, and adaptability can lead to discovering unexpected gems.Finally, enjoy the process.
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17 November 2024 | 33 replies
We see more and experience more in 1yr than any transactional agent in our market ever does in their career.We can answer those question from in-the-moment 1st hand experience, what is happening now, what happened before, and where it's all leading.
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11 November 2024 | 7 replies
The section continues, “… Bed and Breakfast establishments, boarding homes, dormitories or multiple units, or any other similar lodging arrangements are specifically prohibited.”Section 3 – Commercial Use – states, “…no part of a Lot or Dwelling shall be used or caused to be used or allowed or authorized in any way, directly or indirectly, for any business, commercial, manufacturing, mercantile, storing, vending, or other such nonresidential purposes…”.
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14 November 2024 | 6 replies
If mold remediation is done by a handyman without air sampling or post-remediation testing, it can lead to issues during the sale.
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13 November 2024 | 10 replies
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.There's this thing called Hierarchy of Tax Authority that CPAs and Tax Attorney's reference.Let's not get too carried away with comments like, It serves as a guide and cannot be used, cited, or relied upon as an authoritative source....
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12 November 2024 | 5 replies
Quote from @Christle Stezskal: I'm wondering if this is an issue that leads back to TransUnion.
13 November 2024 | 4 replies
There will be much more government spending and jobs created in Mcallen to secure the border, leading to continued population growth.
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12 November 2024 | 26 replies
When we get leads I send my cash buyer to the property and tell him "do what you want, I want a $50K assignment fee), they make the offer, sign the contract close, and they pay me my fee!
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8 November 2024 | 17 replies
Which leads to another question, what is your specific ability to finance a solution?
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15 November 2024 | 9 replies
Both lead to that buyer overpaying and taking an opportunity off the board for the investors who have their underwriting completed accurately.I believe its somewhat market dependent but it has become increasingly difficult to make construction oriented deals work in the price points you mentioned.