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23 April 2024 | 6 replies
Accounting firms typically have nothing to do with this process unless somehow the title company subcontracted the preparation of the 8288 to them (which really isn’t necessary as it doesn’t require tax expertise, only familiarity with the FIRPTA procedures in general, which any title co who’s worked with a sale by a foreign person would likely know).This is indeed a weird situation and it definitely is unsupported by any authority in the code and regulations to send the withholding tax amount to an accounting firm acting as a middle man for the IRS unless they somehow expressly made an agreement to do so.Good luck with that
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26 April 2024 | 44 replies
Generally depending on the size of a transaction and the nature, a past business relationship needs to have existed and the lender does not make any other loans as a business venture.
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24 April 2024 | 8 replies
My advisor wants me to put it in the market naturally.
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24 April 2024 | 7 replies
It is not in my nature to go out and give bad reviews, but I feel obligated to warn people about a group based in SoCal who sell rehabbed and rented properties in Alabama.
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26 April 2024 | 40 replies
After my wallow, I had become all but desensitized to the panic, it was just over-load for me so my natural instinct is to just turn off that "care-about-it" switch and just accept what was to come will come, and i set out, without a clue what the heck i was gonna do.
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24 April 2024 | 9 replies
Seabrook happens to be one of those interesting phenomenon in regards to that location because it was essentially one guy came in and started developing it and leveraged really beautiful natural elements of it.
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23 April 2024 | 3 replies
From all I read, that's the natural evolution of people's RE investment journeys.
25 April 2024 | 60 replies
If there is no answer after this, it may be worth contacting a lawyer or real estate professional to find out about the legal procedures for raising rent in your area.
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22 April 2024 | 0 replies
The process included one eviction, a procedure RCA is well versed in, taking roughly 2.5 months in Connecticut.The value-add process resulted in a ~60% increase in NOI from ~$74K at purchase to ~$118K on a run-rate basis after 7 months.
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22 April 2024 | 5 replies
No thought to the destructive nature of what a low rate would cause.