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8 August 2024 | 5 replies
Scenario:A lender had limited communication with the borrower throughout the loan term, resulting in misunderstandings and lack of alignment on project goals and expectations.Mistake:Miscommunication led to issues that could have been addressed early on, contributing to project delays and difficulties in loan repayment.Lesson Learned:Maintain open and regular communication with borrowers.
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8 August 2024 | 4 replies
@Shweta Sharma, A sale of a coop is seen as the same as a regular sale of real estate for purposes of the 1031 exchange.
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8 August 2024 | 7 replies
Verify air filter has been changed regularly.
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7 August 2024 | 3 replies
If the free rent were considered a gift or was taxable that could be a complication.2.
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6 August 2024 | 8 replies
The property taxes are being reassessed yearly and probably you will only get the new taxable value 12 to 18 months after the purchase.
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9 August 2024 | 25 replies
I think we know it exists, but without any type of advertising, im not sure how many "regular" people know it exists and to use it.
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9 August 2024 | 39 replies
All income to a traditional IRA has the same tax treatment and any earnings will be considered regular income when distributed - whether from stocks or real estate.
5 August 2024 | 1 reply
We deal in low income properties, so our criteria is that rent cannot be more than 50% of income, but if the income source is non-taxable we increase it to 59%.
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7 August 2024 | 7 replies
What I am finding is that the lots within HOAs sell for double or even triple of lots in regular communities.
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6 August 2024 | 6 replies
First, always aim for clear and regular communication.