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2 October 2024 | 5 replies
A quitclaim deed should work for transferring the property from the Arizona LLC to the Minnesota LLC, especially since both LLCs are owned by the same individuals and no money is exchanged.
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2 October 2024 | 22 replies
It is absolutely illegal - and by the way, it's also illegal for a real estate licensee to pay an unlicensed individual referral/finder's fees too.
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1 October 2024 | 1 reply
Cost segregation is a commonly used strategic tax planning tool that allows companies and individuals who have constructed, purchased, expanded or remodeled any kind of real estate to increase cash flow by accelerating depreciation deductions and deferring federal and state income taxes.When a property is purchased, not only does it include a building structure, but it also includes all of its interior and exterior components.
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1 October 2024 | 15 replies
Put locks on each bedroom door so individual tenants have security of their personal belongings.You need a really good set of rules regarding shared common space, cleaning, kitchen use, bathroom use, etc.Be very clear about the rules up front, and selective about who you put in there.
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30 September 2024 | 9 replies
The IRS expects your cost seg report to be "factually intensive", "supported by corroborating evidence" and performed by a "qualified individual.”
2 October 2024 | 10 replies
"The President's action makes federal funding available to affected individuals in Alexander, Alleghany, Ashe, Avery, Buncombe, Burke, Caldwell, Catawba, Clay, Cleveland, Gaston, Haywood, Henderson, Jackson, Lincoln, Macon, Madison, McDowell, Mitchell, Polk, Rutherford, Transylvania, Watauga, Wilkes and Yancey counties."
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2 October 2024 | 11 replies
Once I start getting applications returned to me I set up showings, both individually and usually 1-2 open house style options.
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1 October 2024 | 16 replies
For markets, Topeka and Springfield, IL, are solid choices with potential for cash flow, particularly if you're considering Section 8.
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2 October 2024 | 13 replies
Overall, real estate values went up as supply was further constrained by the event, but a lot of individuals paid dearly.
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4 October 2024 | 16 replies
Taking advice from someone with a financial BIAS is dangerous to your financial health, unless you know that individual to be “above” short term personal gain and strictly in for long term relationships and reputation.