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9 September 2024 | 0 replies
For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.
9 September 2024 | 18 replies
If a tenant comes in to pay multiple charges with one payment, my office manager has to get out the pen and pad to figure and place individual payments instead of something similar to Quickbooks where you enter an amount paid and select which invoices you want it to apply to. 3.
11 September 2024 | 8 replies
High high level - LLC will typically be an option for DSCR Loans (or bank other types of financing), while conventional will require you to borrow in an individual capacity, but there are pros and cons of each.BRRRR Loans: What Are the Options, and How Do DSCR Loans Stack Up?
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8 September 2024 | 9 replies
I've recently saved enough resources to purchase my first business, which I'm considering to be a gas station.I've done many of my own calculations, and have looked at numerous listings on many different sites.
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9 September 2024 | 9 replies
Hi,An individual came to me recently looking to borrow $500 and he has a free and clear mobile home.
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9 September 2024 | 6 replies
AshleyNormal, however you have wide latitude in the actual agreement you agree to sign, how long, how much commission, that’s not to see individual agents have to agree to your terms, but if you feel uncomfortable with the terms you are free to negotiate or shop around, however an agent cannot legally show you a house without an signed agreement of some sort.
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9 September 2024 | 8 replies
The maximum special allowance of $25,000 ($12,500 for married individuals filing separate returns and living apart at all times during the year) is reduced by 50% of the amount of your modified adjusted gross income that’s more than $100,000 ($50,000 if you’re married filing separately).
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13 September 2024 | 50 replies
I can tell you numerous stories of CA investors that I've met at meet ups who have lost money OOS, especially Class C.
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9 September 2024 | 18 replies
I concur 100% that it is an underutilized resource with it numerous benefits compared to, “civilian, conventional loans.”
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8 September 2024 | 13 replies
I wouldn't be buying in CA.Growing up in the SoCal area, yes the appreciation has been great the past 20 years; but they way the state is headed, people continue to leave.Red tape in California has caused business to evacuate, high net worth individuals are also beginning to exit the state.Food for thought.