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18 February 2025 | 3 replies
I use Avail software and it will list your property on 10+ websites.
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15 February 2025 | 1 reply
Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.
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27 February 2025 | 7 replies
If you also have W2 income, then Section 179 income limitation on Schedule C should not matter.Also, whether you take $1k of depreciation or $19k of depreciation, after adding it back you have the exact same income for underwriting purposes, so I'm not sure why you're concerned about a reduced amount of depreciationI don't have a W2-I do receive alimony, and have three rental properties and this business.
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22 February 2025 | 0 replies
Today after making improvements to the properties it generates over $2,300 per month in cash flow.
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14 February 2025 | 8 replies
@Juan PerezCongratulations on paying off your first home and transitioning it into an investment property!
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28 February 2025 | 3 replies
Real Estate Agent uses commission earned on the subject property toward their own down payment when they are also the buyer of that same property (personal residence).
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25 February 2025 | 1 reply
Things like excessive dining out, bad habits, subscriptions, or impulse purchases and showing how redirecting those funds can lead to meaningful progress toward buying property.
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27 February 2025 | 1 reply
That’s fine we (you)work with the hand we’re dealt.Now, should you start collections while they’re still in the property?
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14 February 2025 | 8 replies
the I have seen a lot of properties come and go.
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17 February 2025 | 5 replies
I can do the parade of horribles for a personally owned rental property but suffice it to say that it is a long and robust parade and the horribles are horrible.