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14 December 2024 | 15 replies
If you are doing a BRRRR the rehab for a rental you intend to hold might be different than a flip you intend to sell.
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13 December 2024 | 13 replies
You need to make sure that your property is easily financeable if you decide to sell it in the future and any future buyer can call out non-permitted items and actually report you to the building department or, at a minimum, ask for seller concessions.
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19 December 2024 | 5 replies
A good approach is to set aside an additional 5%–10% of gross rent for CapEx, depending on the property’s condition and renovation quality.While turnkey companies often provide attractive numbers, it’s important to remember their goal is to sell properties.
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13 December 2024 | 6 replies
., selling a non-grouped rental property in a taxable sale to a non-related party, both current and suspended passive activity losses generated by that activity can be deducted.
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17 December 2024 | 7 replies
Or stay a second year and sell tax free.
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14 December 2024 | 36 replies
As a result when the brokerage acts as the listing and selling brokerage it saves both home sellers and buyers money.
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13 December 2024 | 10 replies
If the numbers make more sense on the 6 unit, then maybe look into selling your duplex and doing a 1031.
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14 December 2024 | 6 replies
Perhaps you want to sell ownership interest.
16 December 2024 | 8 replies
However, these costs can often be added to your property's basis, which helps reduce capital gains tax when you sell the home.Once the property is officially a short-term rental, subsequent repairs and maintenance would likely qualify as deductible expenses.
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19 December 2024 | 82 replies
So I would say that once she moves out we will probably sell our "forever home" and it will mean 10 years-ish is "forever" for us.