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21 October 2024 | 176 replies
I dont think first time buyers usually even know that after owing the home and living in it for 2 years any profit up to 250k for single and 500k for married is tax FREE. the absolute best tax treatment we have in the US. in Markets that dont move as much might not be the same benefit..
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10 October 2024 | 2 replies
Inspections are visual of a property in place as it is.
10 October 2024 | 0 replies
Oftentimes, mobile homeowners will roof their home with a shingle or steel roof for added visual appeal and water protection.
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14 October 2024 | 37 replies
Many syndications provide tax benefits such as depreciation, which can offset income, and some offer favorable capital gains tax treatment when you sell.Municipal bonds are another tax-efficient way to diversify, as the interest earned is generally tax-free at the federal level, and sometimes state level too, depending on where you live.
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8 October 2024 | 4 replies
However, the exact treatment may depend on your accounting method (cash vs. accrual basis), but most individual taxpayers use the cash method, meaning they typically report expenses when paid.
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8 October 2024 | 11 replies
Consult a CPA who knows what he is doing and file this: Notice of Inconsistent Treatment I have done this several times for investors who got screwed by the GP.
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8 October 2024 | 23 replies
A Recovery Residence that claims to offer services should be classified as a Residential Treatment Center-which includes staff and usually medical personnel.
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4 October 2024 | 3 replies
Bill the tenant for the damage and flea treatment.4.
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30 September 2024 | 0 replies
Most of my detectors, maybe all, do not have a visual indicator for the hearing impaired.
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2 October 2024 | 12 replies
I've been ruminating over the low rate environment recently and whether to refi one or more of my long-term rentals, but I just struggled visualizing the full gamut of financial impacts, e.g. loan cost inefficiency, 30yrs vs 15yrs mortgages, maximizing cash flows vs cash-outs, tax positions, etc.