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26 August 2016 | 6 replies
So what are you bringing to the table in this situation?
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25 August 2016 | 1 reply
@Daniel DietzYour analysis is in the right direction, but not quite there.1) Determine the debt financing ratio - in this case .602) 60% of the gross income is then looked at by UDFI3) 60% of all deductible expenses are applied, so 60% of straight-line depreciation, 60% of the interest on the note, 60% of property taxes, etc.4) $1000 exemption applies5) The net amount after deductions and exemptions is then taxable to the IRA, and the trust tax table is used to determine the tax amount.Even if you have a negative UDFI liability, it can be worth filing the 990-T in case you can carry that loss forward to future years.We have a UDFI calculator on our website and if you PM me, I can send a link to you (BP does not want me posting that outside content on their forums).
25 August 2016 | 0 replies
So my current plan I am working with the builder on is a 1092sqft split foyer (this style b/c water table can get a little high on lot and I don't want to chance water issues in basement - plus there cheaper to build) with a 24x24 attached apartment that will almost make it look like a SFH with attached garage.
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28 August 2016 | 10 replies
I made some money selling items, but in the end had a LOT of things to deal with. 2 30 yard dumpsters, 2-3 dump runs filling a truck, and now have a couple tables, dressers, couch and such littering my storage trailer and at my house.
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7 October 2016 | 41 replies
This leave you at $2,000-10,000 dollar profit which is still good but charge a upfront deposit of $2,000 and get $2,000 on the back end at the closing table that is $4,000 dollar profit plus a easy flip to the buyer.
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28 August 2016 | 11 replies
I totally agree with you, is that it's all in your mind.All you need to do is link up with seasoned individuals that already own bigger deals, bring value to the table and ride their coat tails to put your mind at ease.
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28 August 2016 | 4 replies
When we look at the amortization table and possible appreciation rate of 2% (historically our area is about 3.5%), we can see a few things.
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27 August 2016 | 3 replies
Good morning BP.I am trying to find out if there is a way to get select data out of the MLS system and into a data table such as Microsoft Excel.For instance, if I specify all Single Family units in zip code 77042 between $100,000 and $150,000 I want to get all listing in the MLS meeting that criteria into a spreadsheet that I created.I am trying to do this so that I am not tethered to the MLS and I will be able to review the listings even when not online.Thanks.
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27 August 2016 | 2 replies
This may put you in a more competitive position at the offer table.