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20 February 2018 | 5 replies
- being able to use projected rents when purchasing a multifamily to be able to qualify- ability to convert properties and increase or decrease units@Abel Curiel - you are correct - rates tend to be higher- normally 1/4 to 3/4% higher depending on factors and timing.
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22 February 2018 | 9 replies
It is important to keep a separate bank account for the LLC for legal purposes, but for tax purposes , taking money out is just considered a distribution to the shareholder (you).I agree with Natalie- if you don't need the money, I just wouldn't charge your rental property a management fee.If you do need the money, as long as your distribution does not decrease your basis below 0, then it shouldn't be taxable.
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27 February 2018 | 6 replies
The most recent unreasonable request was to replace a sidewalk that had passed inspection just a few years prior - newly hired inspector has to show he can flex his muscle I guess.
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27 March 2018 | 5 replies
The risk though is that influx of inventory could decrease demand in the area if there is no influx of people wanting to live there.Neighborhood wise, I think it could help bring money into the city with all the retail space but as far as population makeup I think that's definitely a preference.
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20 February 2018 | 0 replies
The average price declined 2.1 percent to $270,303.The HAR sales report indicated a decrease in upper-end sales.Check out the the Center's fourth quarter 2017 housing report for Houston-The Woodlands-Sugar Land for more data.
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20 February 2018 | 3 replies
In a sense, we would be accepting the risk of this place potentially decreasing in value as much as it could appreciate (e.g. if there's an earthquake or other major damage, etc).
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29 August 2018 | 40 replies
If your only quest is to get a bigger cash flow, simply decrease the leverage (put more money into the deal) and you will have more cashflow.
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21 February 2018 | 5 replies
I would use a direct deposit to decrease your risk using a form from the bank.
4 April 2018 | 13 replies
Kid w/in 2-3 years of future.I worry that by not wanting to be in the "thick" of Syracuse, and not going for rental properties, the probability of success is decreased 33.3%.I am trying to be vague on our specifics so hopefully other uses may see the mindset.Thank you,
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26 February 2018 | 4 replies
This will allow theIRS to obtain the FMV of your account and see if there is an increase or decrease in your IRA value at the end of 2017."