
28 July 2024 | 6 replies
However, as an agent and investor, we understand an accept that our payout comes with time- however for a project manager realistically looking for a 1099, being paid at the time of work is key to making sure you have the right person on your team.Is there realistically a way that you can create your projections of net profit on a project (in a scale format from X$ to Y$) and find a happy medium in there of expected net profit, and carve out your PM budget there?

27 July 2024 | 4 replies
Once the 1031 exchange is completed (again assuming 1031 compliance), I can continue to rent the property indefinitely or at any point after 2 years of rental, use it as a primary residence and thereafter living in the property for at least two years qualify to use the Section 121 Exclusion to eliminate capital gains entirely (gains estimated to be about $70 K, well under the $250,000 single filing limit).

28 July 2024 | 31 replies
While I would gladly accept an AirBnb booking, my property is less a vacation rental, and more a utility for traveling professionals/displaced families.

25 July 2024 | 6 replies
Sounds like they don't qualify for a Section 121 exemption/exclusion.

25 July 2024 | 5 replies
If you can live there for 2 years you could sell tax free (2/5 year primary tax exclusion).

26 July 2024 | 3 replies
We agreed on a purchase price of 105,000, got all agreements signed, but no mention of rent increase, or warehouse money in the agreements (shame on me, shame on them).The leases came due between me viewing the property 6/1 and accepted purchase agreement 6/26, I saw the updated leases when the lender was wanting them, and noticed the brothers lease stayed at 700 while the other was bumped to $800.

26 July 2024 | 10 replies
So, many have to be pushed into allowing them and then have "memory problems" or "forget" to tell the other occupants.This is the NUMBER ONE REASON for no showings until accepted offer.
26 July 2024 | 4 replies
Our offer was already accepted and we are within the due diligence days, but we just got informed after the offer was accepted that the additions don't have the permits and the current owners say that they purchased the house like that with an FHA loan?

24 July 2024 | 3 replies
You are also going to have only a partial exclusion of your capital gains, not the entire 250k because you used the property as an investment for some of those years.

23 July 2024 | 14 replies
I'm also a Reatlor® and work almost exclusively with investor clients, so this is my area of specialty.I recently began working with Account Closed and his team because beyond just taxes, they also advise and provide valuable services such as cost segregation studies.