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29 August 2024 | 5 replies
So it would not qualify for a 1031 exchange.
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29 August 2024 | 43 replies
So then I started texting them the pre qualification criteria and just asking them if they qualify and then agreeing to show the unit.
26 August 2024 | 5 replies
I'll be making two changes on future leases as a result of this - increasing security deposits; and making rent due by the 1st (current grace period is through the 5th).http://lawfilesext.leg.wa.gov/biennium/2019-20/Pdf...
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29 August 2024 | 5 replies
I recommend it for a month a so, you can see qualified tenants better than the free one, and more people viewing your property because your listing is the first one.
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28 August 2024 | 11 replies
Hello Salvatore, per the BOI Small Compliance Guide v1.1:2.4 Who qualifies for an exception from the beneficialowner definition?
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26 August 2024 | 3 replies
You asked about a property you have listed for sale and property taxes that are coming due and the consequences of not paying them until the property sells.Generally, the local taxing authority will impose an interest penalty on any unpaid balance after the due date with a long grace period before you would have to worry about unpaid property taxes affecting your ownership of the property or your ability to sell.In all likelihood, the property taxes will become a part of the closing and will be deducted from your proceeds at the time of sale.By the way, property taxes are always in first lien position ahead of any other debts like mortgages.
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29 August 2024 | 2 replies
The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.The Cost Segregation Study was performed on the Asset Depreciation Range (ADR) and is based on a 40% tax bracket for State and Federal Taxes.
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29 August 2024 | 5 replies
If the original property is in your name, the new property must also be in your name to qualify.
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29 August 2024 | 4 replies
That said, long-term the appreciation you get in the Puget Sound region is superior to many other markets, so assuming you find an excellent property management company that is able to screen tenants and only put in very well qualified, vetted occupants and you experience limited issues over the holding period, you'd likely come out ahead retaining the Mill Creek property if your financially able to do so and still buy wherever you are headed out of state.
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29 August 2024 | 7 replies
I ended up having a more qualified person apply.