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16 August 2018 | 4 replies
Tenants can never be relied upon to report maintenance issues, thus the need for quarterly inspections, and in my opinion therefor can not be held responsible.
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25 February 2019 | 28 replies
For example, what are the quarterly property taxes he must pay?
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17 March 2019 | 9 replies
If you want checkbook control, a self-directed IRA will involve a setup fee from the custodian (a registered bank or trust company required for IRAs), as well as a setup fee to the LLC facilitator for their service, a formation fee to the Secretary of State in the area you choose to form, annual or quarterly fees to the custodian, and annual fees to the Secretary of State.
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4 April 2019 | 21 replies
CALL TO ACTION The screening criteria and security deposit ordinances proposed by Commissioner Eudaly (30.01.086 and30.01.087, respectively) are scheduled for public hearing this week:Public Testimony will be heard on Thursday April 4th at 2:00 PMPORTLAND CITY COUNCILCity Hall – 1221 SW Fourth AvenueFor additional information visit:https://www.portlandoregon.gov/auditor/26997
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2 March 2019 | 0 replies
FYI, my rental income is treated as a pass through entity and is taxed as 1099 income on my overal return (of which I pay estimated state taxes quarterly).
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3 March 2019 | 4 replies
So, for example, we have 20 units and a quarterly bill comes in that we have to send but 2 of those tenants were not in for the full 3 months.
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8 April 2019 | 15 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Solo 401k vs.
5 March 2019 | 16 replies
That means out of the $65,000 you have to subtract renovation costs, holding costs, taxes, insurance, realtor fees & closing costs etc. and of course short term capital gains to get your Net profit that goes into your pocket.)The 47,071 home flips in Q4 2018 were completed by 37,379 investors, a ratio of 1.26 flips per investor.Homes flips completed in Q4 2018 took an average of 175 days, down from 177 days in the previous quarter and down from 178 days in Q4 2017.So, the average flipper gets a flip completed in 6 months, and makes $15,000.
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6 March 2019 | 22 replies
I also interviewed with brokers in the area and went with one who does not require Realtor membership, has reasonable annual fee and only charges if/when you actually sell (unless you do no business in 2 years, then you'll have to take your license somewhere else), so I pay quarterly MLS & lockbox access fees.
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13 March 2019 | 36 replies
I’ve had tenants for years around this area some pay on the first or the month on the second and some pay on the third I do have a late charge per day after the first but I’ve learned on my multi families just go there on the fourth and get the rent and that way I only make one trip otherwise I’m coming back chasing everyone down people unfortunately people are creatures of habit as long as they pay every month I’m fine with that and unpaid late charges just come out of security per their lease But I do agree a new tenant you need to lay down the expectations and what things are and if is no late charge in your lease you need to amend the lease