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21 November 2024 | 39 replies
Absence fraud, the success of the limitation will often depend on action which regard the entity as separate from the individual and other entities; separate bank accounts, attention to organizational structure, filing of entity documents, non commingling of funds, etc.
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20 November 2024 | 6 replies
They also memorialized my account when I protested them not memorializing my mother's or my uncle's who have both passed away.
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20 November 2024 | 4 replies
It's important to consult an attorney and an accountant eventually, but your first step should be to discuss your plans with your lender.
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23 November 2024 | 5 replies
If you grabbed equity from the orange county property via a HELOC and your current mortgage, what would be your blended interest rate taking into account both mortgages?
19 November 2024 | 6 replies
@Nada MohamedI recommend that you speak with your accountant and several cost segregation firms to compare benefits and prices.
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21 November 2024 | 4 replies
I think if you realistically have enough deal flow of good properties, flipping is a faster way to a huge bank account, since a good flip should be between 30-50% return on investment every 4-6 months, if you are doing it all cash.
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25 November 2024 | 19 replies
I grew up in the industry and still have a hard time with holding contractors accountable.
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26 November 2024 | 44 replies
Negative...Owns a part of a trailer park, which accounts for 85% of "his" 22 doors, then some 60k houses.
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19 November 2024 | 11 replies
You will be able to take advantage of it in a SDIRA if the syndication also has taken on debt and therefore passes UDFI on to your account.
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18 November 2024 | 15 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.