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24 September 2024 | 15 replies
You can't charge for a service animal, even if you have a normal pet fee.
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25 September 2024 | 16 replies
I can justify any price (and some high fee syndicators are still doing so), if I just play with assumptions, prepay and buy down my interest rate, and hope that sub-5% cap rates will be returning in the next few years.But if you know your market and market cycle, have an idea where interest rates may be going (this is an educated guess for all of us), and then have your assumptions, you can certainly have the conversations you reference with brokers and see what their take is on pricing and if it is worth writing.Finally, I have said this before and will continue to say it, whether we are talking single family homes or 400 unit apartment complexes, off-market purchases do not make something a deal.
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23 September 2024 | 3 replies
. :)A claim like that is crazy...I personally think the fees that you signed up for is on the high side.You can view a couple a couple of posts on this message board about people signing up with 1800 accountant and then wanting to move on to another accountant.The thing with firms like 1800 accountant is that you will likely be with one accountant one year and then another accountant the next year because they have a high turnover.The issue with this is that you may have to re-explain your situation on an annual basis.Best of luck.
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23 September 2024 | 5 replies
What you may save in material you will make up for in engineering and architecture fees.
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23 September 2024 | 19 replies
If you operate an STR, gross income is your total rent paid by your guests, before any subtractions.To figure out your taxes, you take this gross income and subtract from it all allowable business expenses: marketing, education, technology, licenses and fees (including Airbnb and credit card fees), office expenses, business driving and so on.
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21 September 2024 | 1 reply
PP as is 35krehab 70kSale price 189k Net 170k on hud My fee 12k Insurance pass through I pay for the insurance as well they pay me back when it closes 450.. net to my client 52k is my client has to pay the utls So with my establish clients were we are well under 70% ARV I fund 100 % of purchase 100% of rehab I pay for the insurance andthere are no payments we all get paid off the HUD the same day..
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23 September 2024 | 4 replies
The concern arises when you're acting as an agent for others—there, the law is stricter.Since you plan to use the agreement for future properties too, it might be worth getting legal guidance upfront, even though the $1000 fee sounds steep.
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22 September 2024 | 11 replies
This one is controversial because they will do a deal, and you may collect a fee.
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24 September 2024 | 11 replies
This setup will lead to higher tax prep fees and if you refinance these properties the IRS will consider this selling the property and you will have pay taxes at the end of the year on a property you didn't actually sell.I recommend finding an accountant who specializes in real estate taxation and tax planning and set up a paid consultation before you do anything.
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23 September 2024 | 33 replies
We do have hefty late penalties so if they are late then they pay a $100 late fee.