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7 June 2019 | 7 replies
Of course, I understand that this will have overhead costs that are usually not worth if you are just starting but I'm interested in understanding the extent of those costs.I basically want some advices and I'm of course not excluding just buying in our own name.
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17 July 2019 | 10 replies
Just to make it fair let's say tenant pays cash non traceable so u dont have to claim income"Treas Reg §1.61-1(a)General definitionGross income means all income from whatever source derived, unless excluded by law.
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27 July 2019 | 35 replies
However, I use them to track the trend lines and in my first pass analysis (though even then I look at multiples and take an average after excluding outliers).
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26 July 2019 | 9 replies
Another route you can take is the live in flip @Tyler Work mentioned, but instead of converting to a rental, you can live in it for two years and sell it once you hit that two year period to take advantage of the Section 121 tax exclusion (exclude $250k of capital gains if filing single, $500k if filing married jointly) in the hopes of capitalizing on some good appreciation along with the value you add by renovating.
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18 July 2019 | 3 replies
I have about 6500 total debt(student loans and private loan) excluding my car (20k).
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23 July 2019 | 7 replies
That excludes any additional fees for maintenance coordination, listing, etc. that they might charge.
20 July 2019 | 5 replies
The max that will be excluded is $250k because your wife lived in it for 2 years but you did not.
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21 July 2019 | 1 reply
A detailed resource on Due on Sale you might want to read is: the-truth-about-getting-around-due-on-sale-clauses.Also, these threads might be worth reading:386043-bank-called-my-due-on-sale-clause 183825-due-on-sale-clause-was-called-by-bank232247-due-on-sale-clauseAlso, FYI - The Fannie servicing guide, for about a year now, explicitly excludes a transfer into an LLC you own from the due on sale clause.
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22 July 2019 | 26 replies
Many policies for vacant property exclude theft with the exception that some (builders risk and COC) may cover theft of “building materials” - since the AC was already installed it would be a stretch to call it building materials.Last - I bet you have ACV coverage for this type of loss which means they will depreciate for the age of the AC before paying out on a claim.If the cost of the unit is $3000 and it’s 5 to 7+ years old it would be adjusted heavily for age - maybe 50%?
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5 August 2019 | 13 replies
A Vessel investment doesn’t depend on others’ efforts; it depends on what happens to the value of a house and we exclude investors from gains caused by remodeling.