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5 October 2024 | 6 replies
I’m confident that everyone who reads this will gain a deeper understanding of PMLs and HMLs :))
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5 October 2024 | 7 replies
You also asked if you should put your own house into an LLC.Yes, I think getting a Home Equity Line of Credit is a great way to get access to that equity and only use and pay for what you need.Putting your own house into an LLC may affect your ability to claim homestead taxes so you may not want to do that and may also affect your home insurance.However, putting your fix and flip into an LLC can reduce your liability exposure but make sure you also have the right insurance on the property while it is being worked on.
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4 October 2024 | 2 replies
I worked with them on some marketing campaigns, they run a pretty solid operation and have access to some pretty impressive financing packages for their offerings.
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4 October 2024 | 0 replies
Access is impossible and it will take a long time for the city to be rebuilt back.
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4 October 2024 | 1 reply
In a market where buyers a bountiful, sellers have too many other options to consider, before accepting an offer from someone trying to assume their loan. 2) Anyone who has owned their home for 3+ years is sitting on a substantial amount of gained equity from appreciation.
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5 October 2024 | 20 replies
Job growth is great but a huge metric for investors is access to NYC.
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3 October 2024 | 7 replies
For taxes, if the insurance payout is more than your adjusted basis (purchase price minus depreciation), you’ll have a casualty gain.
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3 October 2024 | 11 replies
They would have access to modifyyour bank account info.
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3 October 2024 | 2 replies
Thought about using smart access like Showmojo but worry about squatters.
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5 October 2024 | 14 replies
You can also look at Schedule E, which connects to depreciation, though it won’t show the exact cost basis.Since depreciation affects the final cost basis, you might want to ask your CPA for a summary of your properties' bases to save time in the future.They should have a system where we can give you not just the basis but also a detailed gain (and estimated taxes) calculation within a day.