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3 April 2024 | 4 replies
It is extremely difficult -- bordering on practically impossible -- to use a 1031 exchange to move gains from the sale of one of your existing properties into a property that you already own.
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4 April 2024 | 19 replies
Pretty common practice here.
3 April 2024 | 8 replies
Any form submitted after the closing date will be deemed by the IRS to be untimely and require that the mandatory withholding amount be sent to the IRS within 20 days of the closing date.As a practical matter, all of this has two key impacts:1031 exchange Buyer of a foreign person’s real estate – As the 1031 exchange Buyer of a foreign person’s real estate, you would be required to withhold 15% of the fair market value of the real estate, typically the purchase price, at the time of closing.
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3 April 2024 | 12 replies
Always ask for references if you have doubts about their practices.
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3 April 2024 | 17 replies
Keep up-to-date on industry best practices and real estate investing tactics.Good luck!
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3 April 2024 | 6 replies
If this will likely be your only, or one of very few, times that you're doing that, then recording in person might be the most practical.
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3 April 2024 | 17 replies
It’s a pretty poor business practice to change the lease after the tenants signed. 2) I would find it easy to believe that somewhere in your contract it would say you owe the year’s management fees or there’s a 30-90 day termination period or any other thing that could cost you at least another month’s vacancy.
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1 April 2024 | 6 replies
I think it is also the risk of using an attorney who is in general practice and not practicing real estate law...or who is experienced doing that.
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2 April 2024 | 11 replies
Once you’re finished with these guys, please leave honest google, yelp, other reviews warning others of those practices as many don’t read the whole contract, like you, apparently.