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17 February 2025 | 8 replies
Very foolish of her, because the correspondence on the platform suggests the exact opposite.
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19 February 2025 | 10 replies
The FHA loan allows for a lower down payment, which is a fantastic advantage!
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19 February 2025 | 5 replies
Wishing you the best on your journey.
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22 February 2025 | 2 replies
Contract for deed seems ideal as you could be making payments to him, which helps him pay the mortgage and extra for his apartment/travel.
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23 February 2025 | 1 reply
Wholesaling has a lot of similarities with being an agent (one of the reasons it's criticized a lot tbh) and yes, follow up and communication are absolutely essential for making it work.
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23 February 2025 | 1 reply
Not sure about CO, but we make tenants sign a NON-Refundable Holding Fee (not Deposit) Agreement for any monies received prior to move-in to HOLD the home for them.
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18 February 2025 | 3 replies
These are all things you probably already know, so hope the viewings went well!
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19 February 2025 | 13 replies
Otherwise, just go through all the local/regional banks.
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23 February 2025 | 3 replies
This means that when you sell the property, your adjusted tax basis is lower, which increases the capital gain you must recognize.Additionally, any accelerated depreciation taken is subject to depreciation recapture at a higher tax rate (up to 25% for real estate assets) rather than being taxed as long-term capital gains.So, while cost segregation provides significant upfront tax savings, it also increases your capital gains tax liability upon sale unless you use a 1031 exchange or other tax-deferral strategies.You can find your current tax basis by reviewing your depreciation schedule (Form 4562) and prior years’ tax returns, specifically looking at your adjusted basis on Form 4797 (for sales of business property) or Schedule D (for capital gains and losses).Your CPA should be consulted prior to making any decisions.
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18 February 2025 | 95 replies
I use the RESPtracker app.