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28 June 2024 | 41 replies
This is great to find this discussion since I too am having trouble getting answers from QI.If I understand the discussion, my wife and I can sell our relinquished property, create an LLC in our names and purchase replacement property if we live in a community property state.However, if we don't (as in our own South Carolina) any multi-member LLC would be seen as a partnership and a separate taxable entity (disqualifying 1031 status).This seems to leave us with buying as ourselves and putting into separate LLC's after 1 to 2 years which not too appealing (mostly due to timing).Is there another option we might consider that either allows going to LLC sooner or immediately?
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24 June 2024 | 8 replies
These carve-outs are typical in commercial real estate loans, including those backed by Freddie Mac, and are designed to protect the lender without necessarily compromising the loan's non-recourse status under IRA rules.
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25 June 2024 | 30 replies
Look at SF Portland and Seattle.. big movement back to the burbs because of companies leaving. now they are leaving because of defund the police and homeless and other social issues have made living there undesirable to many..
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27 June 2024 | 41 replies
So a week ago or so they gave me a website to check my balance, status, etc.
26 June 2024 | 34 replies
But there are a number of exceptions, including if your income is under $150k, real estate professional status, and the STR loophole.
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26 June 2024 | 33 replies
If it is, that is a healthy amount of income.Is she getting any social security?
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24 June 2024 | 1 reply
While Section 8 offers benefits like guaranteed rental income and a larger pool of prospective tenants, there are administrative requirements and potential differences in payment expectations to navigate.Before making a decision, conduct thorough tenant screenings to ensure tenants meet your rental criteria beyond their Section 8 status.
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25 June 2024 | 39 replies
Not only can you keep a closer tab on what your kids are getting into as they grow up but it will help them build a social circle.
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2 July 2024 | 108 replies
I won't be surprised if it passes and becomes a law, after all US is steadily and progressively plunging itself into a lawless, Orwellian, Third World Country status lately.
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22 June 2024 | 17 replies
It is effective Aug. 1, 2024.This ordinance is referred to as the Source of Income Discrimination Ban Ordinance" - which is identified in File #231019 and amends sections of Chapter 38 (Civil Rights) and Chapter 34 (Health and Sanitation) in the Missouri Revised Statutes for the purpose of classifying source of income as a protected trait in regard to housing discrimination.Here are some key takeaways from the attached ordinance:This ordinance bans discrimination against tenants based solely on:Source of income from an occupation, including gig work or paying rent in cash Use of public programs like Section 8 Housing Choice Vouchers, disability checks, or social security Poor credit score Prior evictions and alleged damages older than 12 months (less than 12 months can be a basis for denial) Prior convictions or arrests (sexual and violent crimes are excepted, a landlord can still deny based on these convictions)The ordinance also requires the city to proactively scan for rental ads using discriminatory language like "no Section 8" or "no past evictions".Landlords who are found to be in violation of the ordinance with respect to source of income can be fined up to $1,000 per incident.