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1 September 2024 | 1 reply
This does not apply to my flip property which would not come up under my personal history since it is titled in an entity name, not me personally.Suggestions?
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1 September 2024 | 2 replies
Apply the same requirements and count the support they receive as income for them.
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31 August 2024 | 3 replies
You can apply cost segregation to a foreign property if it’s owned by a U.S. entity.
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2 September 2024 | 18 replies
A trust is a legal entity that is subject to all the laws and regulations applying to every other entity.
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1 September 2024 | 9 replies
But I heard a podcast from Tax Smart Real Estate Investors (link below) on house hacking which notes that if part of the residence is used exclusively for STR, section 280A loss limitations shouldn’t apply.
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31 August 2024 | 3 replies
If I like them and they meet the criteria I ask them to apply online.
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31 August 2024 | 22 replies
I aim to apply for FHA loan with a down payment of around 5%My Information:Age: 29MSalary: Around $85k (Anticipated increase to around $100k in December 2024)Debt: No DebtVehicle: Not currently owned (plan to purchase after home closing)Savings: $50,000I currently live in Northern Virginia and am ready to buy a townhouse there as a first-time homebuyer.
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31 August 2024 | 4 replies
Without underlying coverage, an umbrella won't apply.
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31 August 2024 | 5 replies
Try to always remember and apply the KISS principle (keep it simple).
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30 August 2024 | 0 replies
For business owners, having a separate legal entity, such as a corporation or limited liability company, provides the unique ability to create a credit identity with business credit reporting agencies, also known as a business credit profile.Reality check: > Funding your business with your home equity or personal savings/guarantee is a HUGE risk > ~45% of Small Businesses applied for a Business Loan in 2023 > Less than 2% of SBA Loans are actually funded/approved > 29% of Small Businesses FAIL because thee run out of Capital > Your company’s name on a credit card is NOT corporate credit (if you used your FICO score to get it) > Business (EIN) credit will open new ways to finance your growthIf you keep doing what you've always done, you'll keep getting what you always got!