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12 December 2024 | 17 replies
I have an offer in on a property setup exactly the same with big house in front and a little additional unit.
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9 December 2024 | 11 replies
In addition, real estate is already tax advantaged, so you’re losing the tax advantages of owning real estate.Personally, I think real estate notes are better suited for self directed IRAs personally because you can get decent returns and notes not held in IRA is not tax advantaged.
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13 December 2024 | 35 replies
So even if the cash flow is only 3% or 4% cash on cash, that’s enough to provide a protective layer to cover unexpected items.To me, the cash flow is NOT to put spendable cash in my pocket NOW but rather keep the property self supporting while it increases in value over the long term.In addition, every property a purchase has a cash reserve fund - call it my rainy day fund or my Sominex account (ie I can sleep at night knowing if the furnace goes out I have $8,000 in my reserve fund to replace it.)One final note, I have found once one reaches a certain net worth, cash flow no longer is a concern, there is always as much cash flow as anyone wants.Final note, who will have more cash flow someone with $1M investible cash or $3M investible cash?
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9 December 2024 | 2 replies
Proc. 2018-58, 2018-50 IRB 990 (Dec. 10, 2018), that are due to be performed on or after Oct. 5, 2024, and before May 1, 2025, are granted additional time to file through May 1, 2025." the 45 day identification deadline is extended because Rev.
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7 December 2024 | 5 replies
Also, I'd lease out the other bedrooms for additional income as well as practice screening, leasing, and interpersonal comms.
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9 December 2024 | 14 replies
I know that @John Underwood for example provides TV in addition to streaming at some of his places.
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7 December 2024 | 1 reply
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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10 December 2024 | 9 replies
Without seeing your lease, if the lease says that 'charges are due as additional rent' the charges may fall into housing delinquency law.
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5 December 2024 | 7 replies
If there is no agreement signed and this person is just someone listed from the broker's database, I do not believe it is acceptable for the broker to collect a split in addition to the house split.If you are to consider negotiating this additional split, there is a lot to take into account here... what is the % of business that you generate on your own vs. how much your broker contributes?
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7 December 2024 | 17 replies
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