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26 February 2025 | 7 replies
I agree with @Isadore Nelson, there will be an initial sting due to to the IRA transaction but with quick math at 8% your 60k will generate about 4.8k in year one, in 4 months at 1.3k you've already eclipsed that, their will also be a larger tax for passive income and an initial penalty from the IRS, but it won't erode the 8 month difference let alone the yearly compounding effect.
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27 February 2025 | 4 replies
If you have already completed the exchange and are facing boot, a cost segregation study can help reduce your taxable income by increasing depreciation deductions, but it won't change the fact that boot is recognized.As @Bill B.In a partial exchange the tax is based on the boot received, not prorated across the entire transaction.
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20 February 2025 | 4 replies
It’s essential to confirm this early in the transaction.
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21 February 2025 | 9 replies
There are many loan officers who will intentionally lowball all the third party costs and prepaid items up front so their estimate will look more appealing.If you really want to compare multiple lenders then you just need to focus on the part of the transaction that the lender controls.
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15 February 2025 | 1 reply
You have to sell to realize your gains, and will lose on the transaction at this time.
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16 February 2025 | 71 replies
They act as a fiduciary, and they charge a flat transaction fee regardless of investment amount.
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5 February 2025 | 21 replies
You will want to check your laws first, it is illegal in FL to require renters insurance.
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26 February 2025 | 8 replies
Your clients will be trusting you with some of the most expensive transactions theyll ever make and an error on your part will likely cost them thousands.
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24 February 2025 | 4 replies
Of course our big motivation is commission but you can get commission or a referral fee or something in an off market transaction if done properly.
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11 February 2025 | 4 replies
My deadline to back out of my real estate transaction and get my earnest money back was Dec. 12.