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21 October 2024 | 13 replies
Going to have to reduce to cut down on vacancy.
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23 October 2024 | 28 replies
Plus, replacement parts are easy to source if needed.CB2/West Elm (Sales Section): Higher-end, but you can score deals on durable, modern furniture during sales.Local Furniture Stores or Liquidators: Sometimes you can find high-quality, durable items at reduced prices, especially in stores that cater to hotels or corporate rentals.Second-Hand/Consignment Stores: Gently used pieces, particularly mid-century modern, can be very durable and unique.I do NOT recommend Wayfair as I ordered from them and the furniture came back damaged and low quality.
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20 October 2024 | 11 replies
Most leases you can purchase are generic in nature and do not equip you with very helpful tools to manage your property in the most effective and efficient manner, lowering costs, reducing liabilities, creating revenue centers, etc.
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19 October 2024 | 1 reply
A cash-out refinance typically doesn't count as "earned income," which is the type of income that would impact Social Security benefits, especially if it's related to retirement or survivors' benefits.
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22 October 2024 | 10 replies
You can deduct expenses like mortgage interest, property taxes, insurance, and repairs, as well as depreciation on the building (but not the land), which helps reduce your taxable rental income.If you refinance, any interest paid on the new loan would also be deductible.
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22 October 2024 | 11 replies
Earn enough for down payment plus you will then have all of the lenders in your pocket when the time is right to buy your first property.
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18 October 2024 | 8 replies
In your case, with a history of passing audits and having a CPA who is experienced in IRS representation, you're in a strong position should an audit occur.Regarding audit statistics, the IRS generally audits fewer than 0.5% of individual returns, with even lower rates for those earning under $1 million annually.
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26 October 2024 | 50 replies
that's your choice but you're reducing the pool of applicants significantly.
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20 October 2024 | 1 reply
This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.
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19 October 2024 | 3 replies
I would also charge a lot more than I would for a residential rental.Honestly, I wouldn't recommend it unless you've really studied it and understand how to protect yourself and earn fair compensation.