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15 June 2018 | 0 replies
I was thinking about 10%-15%, but in some instances that seems so low in my mind.
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22 June 2018 | 30 replies
In most instances, a general contractor is going to put in far more hours and have a lot more responsibility than a real estate agent, attorney or bookkeeper would, unless he's just being asked to do minimal project management.
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16 June 2018 | 0 replies
For instance, I never expected my basement to be cleaned of cobwebs or dirt on the floor, but City Waterproofing power washed my basement for me.
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12 November 2019 | 27 replies
In those instances, the 401k requires its own income tax return.
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17 June 2018 | 4 replies
For instance, if I stashed away 10% of the property value or a certain fixed amount in the account, can I then start diverting funds to a general account and snowballing the excess funds onto individual properties or as personal income?
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18 June 2018 | 6 replies
So I was hoping to get the suggestion from some body who is involved in real estate ( a flipper , an agent , a lender) as this might be a famous concern among their clients .
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25 June 2018 | 47 replies
Varies by county also.The only houses I have found were instances were someone died without a mortgage or any liens.
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27 June 2018 | 7 replies
I think in this case its not as bad as other instances, but am also concerned about any liability for renters learning about previous mold conditions and not having a professional team take care of the job and certify that the property is mold free.Hey @Chris Brown, we haven't ran from the mold yet.
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25 June 2018 | 14 replies
I think you're ready to purchase a tax-deed the major down-fall is that too many foreign investors and small capital groups come in and buy the best properties near or above market value....There's a bunch of posts on tax-deeds its just you have to spend sometime learning how to title examine (this is a key skill you will have to learn).1/2) These properties are being "foreclosed" by the local government - in general its state specific for instance in FL it is true they can be redeemed until the second before sale however after you're pretty much done for (however if its a valuable property and any of the previous owners in the chain of title have a bit of cash to throw around you'll be forced to defend yourself in court which can be pretty expensive).
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20 June 2018 | 9 replies
If I pull out for instance $100k, I get hit with a 10k (10%) penalty then taxes (assume 25% federal, 5% state) on the full 100k as well right?