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12 June 2019 | 4 replies
This is all public info - you s/b able to visit the tax appraisal district site for the address the property is in, and look up each component (city, county, ISD, hospitals, etc.) of the tax bill.
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12 October 2022 | 48 replies
Realtors with a bad taste for wholesalers generally don't know or understand this component of real estate investing.
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23 December 2015 | 5 replies
Standard depreciation is where you depreciate the value of the house (minus an estimated value of the land) over 27.5 years.Accelerated depreciation is where you break up the key components of the house (i.e. roof, floors, windows, hvac, etc) and depreciate them over the IRS' acceptable lifespans of each one.
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17 January 2017 | 15 replies
What if there's an unexpected cap-ex expense that you didn't budget for?
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25 December 2015 | 15 replies
If your goal is to be an active real estate investor and call all of the shots, option 4 is your best fit.If you want to be semi-active and call some of the shots, option 3 may be a good fit.If you are looking to add real estate to your investment portfolio but don't want to be active (similar to the stock you own in companies managed by others or mutual funds that manage portfolios of stocks) then option 1 or 2 may be a good fit if you align yourself with a good sponsor.If you choose options 1 or 2, whether you choose to do that with Praxis or any other sponsor, the most important component is to thoroughly research the company.
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4 January 2016 | 6 replies
The new buyer then pays you a one time assignment fee (most of mine range between $3k-10k).Some folks like doing sandwich lease options (this is where you yourself are under a lease option agreement with the seller, and within the lease component it gives you the right to sublease to someone else).
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26 December 2015 | 7 replies
Also can depreciate 1/3 of capital expenditures for building components, like new roof.
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4 January 2016 | 7 replies
Generally a lease option has two different components: the option (I use the first right of purchase document), and a lease agreement.
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3 January 2016 | 16 replies
Treatment programs were pursued with vigor leaving little time to manage the preschool, which my wife unexpectedly closed, to my great surprise and at a great financial loss.
18 September 2015 | 6 replies
Loans can be processed from the Solo 401k at 50% of the account balance but cannot exceed $50,000.Also, Roth 401k contributions are allowable regardless of income level, thereby affording taxpayers, who would not otherwise be eligible, to take advantage of the Roth component.