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19 December 2024 | 2 replies
For example, in Michigan those additional expenses would include revenue stamps owing for two closings.
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18 December 2024 | 12 replies
You would also want to ask what is your current rate, what rate can you get, what are the closing costs that are involved including points, ect.
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19 December 2024 | 25 replies
Quote from @Sean O'Keefe: Quote from @Tom Gorrell: We have 3 rentals in CA and one in Kentucky (total value about 2.5 M)some W2 incomesome pension incomesome syndication income and some from a business (s corp) Based on what you say, it feels like $3k - $4k but would need more info on how frequently you meet with CPA outside of Jan - Apr when you are filing and if this includes tax strategy.
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19 December 2024 | 1 reply
Make sure utilities are available, and that you have tap fees included in your estimate, as well as engineering (site plan), architectural plan, and other bits you might need to consider for your market (landscaping and costs of sale, for example).
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18 December 2024 | 13 replies
Be sure to include instructions for turning in keys, notifying you that she's out, etc.
20 December 2024 | 2 replies
This property would have multiple income streams, including as an airbnb, wedding venue, bed and breakfast, corporate retreat.
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19 December 2024 | 10 replies
I've used mine multiple times in the past deals, including a VA jumbo loan.
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11 December 2024 | 1 reply
We converted a old restaurant on the property to a coworking lounge, redid the pool and built out the roof to a entertainment center with fire pits, lounges, bubble chairs, barbeque, large screen TV, music, yoga mats and amazing views of the ocean and city lights.It is designed for coworking/coliving for business professionals and entrepreneurs who want to...Live where they work.
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20 December 2024 | 2 replies
Closing costs, including recording fees, transfer taxes and HOA transfer fees, if any5.
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27 December 2024 | 18 replies
Here is how the Roth conversion works: you can convert anytime between January 1st and December 31, and you will receive a 1099R from your IRA custodian or 401k plan administrator before January 31st of the following year, which will be included in your tax return filing and that is when the taxes will be paid: at the time you file your tax return.