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10 August 2015 | 40 replies
Our biggest problem was reporting through the owner's portal the exact info we want and excluding info that we didn't want shown on a preliminary basis.
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18 August 2015 | 9 replies
Groundfloor currently operates only in Georgia.Others have a greater reach but are currently only available to accredited investors—individuals with annual income of more than $200,000 or a net worth of more than $1 million, excluding their primary residence.
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19 January 2021 | 11 replies
First, it is important that you exclude the agent fees from the partnership and just count that as what it is: a Business Expense regardless of who the agent is.For the partnership structure, I'd suggest you split the profits (keep it simple):60% to you40% to your brother Overthinking of it or by saying you are doing all the work may come across as being a little interesting (nicer word, lol).
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3 March 2017 | 33 replies
That is why I would never buy a turn key, you're behind from day one and it takes years to get to a point you could exit without a loss excluding appreciation.
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27 February 2017 | 2 replies
If you have lived in the house for at least two of the prior five years, you can exclude the profit from Capital Gains tax under Section 121 of the Internal Revenue Code.If your tax return filing status is "single," you can exclude up to $250,000 of capital gains.If your tax return filing status is "married (or whatever) filing jointly," you can exclude up to $500,000 of capital gains.There is no requirement for what the money is used for.
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1 March 2017 | 6 replies
Excluding it would overstate the returns.Normally only initial downpayment is considered since that's the only known factor.
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8 March 2017 | 20 replies
We talk about FHA+MFR for countless hours each year, but I can count on one hand the number of these I actually do in that same given year in SoCal / Bay Area (eg, excluding rural California).And for that handful, it's typically a slightly different formula:[ FHA + Off Market + Discounted Price + 2-4 unit = win ]Ain't nothing I can do as a mortgage guy to make FHA not FHA except give you pragmatic advice.
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4 March 2017 | 0 replies
With RM-32 zoning, I would like to build two additional units above an existing garage.What is a general cost per sq ft. excluding permit and inspection fees (my wife is a structural engineer)?
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9 March 2017 | 12 replies
.$1 million dollars in net worth, excluding the primary residence, or have an income of $200,000 plus (or joint with spouse of $300,000 plus) for two consecutive years with expectation to do it again the following year.This is a long standing rule to keep investors out of trouble for large projects like investing in Malls and Golf courses and non-registered securities.
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7 March 2017 | 7 replies
Excluding the lien on the property from the credit card debt, just speaking for the VA loan, I would sit down with a loan professional and ask some questions.