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14 October 2024 | 3 replies
You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.
14 October 2024 | 1 reply
My leases make tenants "jointly and severally" responsible.
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16 October 2024 | 10 replies
Some lenders might allow you to add renovation costs to the loan to help you finish the project and avoid a loss.Explore Other Financing Options: If your hard money lender isn’t flexible, you might consider private lending or even a joint venture with another investor.
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14 October 2024 | 4 replies
If they are simply joint owners of real estate through a partnership, his w-2 hours would not help for REPS status, they would hinder as TP would need to work more hours managing their personal rental properties than working at the w-2 job and meet 750 hours managing them as well.
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21 October 2024 | 59 replies
I was told the transfers were stopped and accounts were suspended because 1) our joint LLC account doesn't have our name on it...
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12 October 2024 | 6 replies
They have joint and several liability.
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13 October 2024 | 12 replies
Some gas services in San Diego are joint services(shared with another property) sometimes as small as 1/2” PE and they have an excess flow valve at the street which will trip if you exceed a certain flow.
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10 October 2024 | 1 reply
Whether it's joint ventures, co-investing, or sharing insights, I'm always eager to connect with other investors who share my vision for success in real estate.My goal is not just to succeed individually but also to contribute positively to the real estate community by fostering growth, innovation, and ethical investment practices.
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10 October 2024 | 9 replies
Think real estate joint venture.
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8 October 2024 | 17 replies
Basically, if your deal is a deal - it's going to sell at a good % You will not need additional, expensive dispo tools or Joint Ventures.