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25 November 2024 | 19 replies
I grew up in the industry and still have a hard time with holding contractors accountable.
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21 November 2024 | 4 replies
I think if you realistically have enough deal flow of good properties, flipping is a faster way to a huge bank account, since a good flip should be between 30-50% return on investment every 4-6 months, if you are doing it all cash.
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17 November 2024 | 7 replies
Much too large of an organization and staff are not the most helpful.
19 November 2024 | 6 replies
@Nada MohamedI recommend that you speak with your accountant and several cost segregation firms to compare benefits and prices.
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19 November 2024 | 11 replies
You will be able to take advantage of it in a SDIRA if the syndication also has taken on debt and therefore passes UDFI on to your account.
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18 November 2024 | 15 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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18 November 2024 | 3 replies
I also intend to owner occupyI was thinking if there is a small studio or even a garage within the four plex ,that should cover the IRA part and the rent from that studio/garage can be accounted and deposited directly into the IRA account please advisethanksFollowing - I'm based in the Easy Bay.
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22 November 2024 | 13 replies
The example that comes to mind are often are of folks that operated a dental practice, an accounting office, a bankruptcy lawyer and her staff that did quite well in the 2008 aftermath, and so on, during those first few years, taking up a portion of or all of the space.Once you realize what a dumpster fire it is finding good financing for offices, if you need it, I'll be available.
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25 November 2024 | 14 replies
Account for any maintenance and repairs that might need to be addressed sooner rather than later.
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19 November 2024 | 19 replies
If there is still money left, I would set it in an account and study here on Bigger Pockets and get and education in stocks, options (i love options), notes and real estate.