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11 December 2024 | 7 replies
Here’s why and what alternatives might exist:Real Estate Syndication or Fund: Invest in funds that generate passive rental income, which can offset Schedule E losses.Real Estate Professional (REPS): Qualify for REPS to reclassify rental losses as non-passive, allowing them to offset active income.This post does not create a CPA-Client relationship.
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11 December 2024 | 4 replies
The idea would be, say we wanted to buy a company for $100k and they have 100 clients.
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11 December 2024 | 35 replies
A lot of my clients are seeing great success in C/C+ locations that are in the major areas of growth, so they get the mix of appreciation and cash flow.
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9 December 2024 | 15 replies
who are their other clients?
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10 December 2024 | 10 replies
What I wrote above does not create an attorney/client relationship between us.
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9 December 2024 | 10 replies
My friend said his client nearly bailed when she found unexpected wiring issues behind the kitchen walls..apparantly the seller hadn’t touched that electrical since the Reagan era..but with a patient electrician who understood the local code and a carpenter who improvised a shelving trick in the diningrom, they ended up selling above asking.Flipping and building can get tricky, especially once you start thinking bigger.
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8 December 2024 | 19 replies
Our client gets OPM and they make money but they have to run the asset.
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11 December 2024 | 4 replies
It's also important to be aware of any deed restrictions or covenants that could impact your intended use of the property.A Personal Anecdote:I once assisted a client in Omaha who purchased a Freddie Mac home intending to convert it into a rental property.
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9 December 2024 | 1 reply
This treatment ensures accurate financial and tax reporting, as the credit is part of the sale transaction rather than income.This post does not create a CPA-Client relationship.
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10 December 2024 | 6 replies
I am also a realtor with clients who are investing in MTR's in my market, as STRs aren't allowed.