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18 May 2016 | 7 replies
Done correctly, if a slip and fall lawsuit is levied on one property the other is protected.
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24 May 2016 | 5 replies
I would definitely choose the single excise tax rather than seeing it two times in a close.
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13 August 2020 | 49 replies
@Levi Bennett @Karin DiMauro @Nayt Grochowski @Jane Istre @Christine Larsen @William Leahy David O.Your help is needed in setting up the new VACATION RENTAL FORUM. 1.
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14 June 2009 | 2 replies
The bank would pay commissions, excise tax when selling and back property tax.
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9 August 2010 | 5 replies
Purchase price: $179,900Description: 3 bed 2 bath -- 2,356 sqft -- 5,000 sqft lot -- year 1923Retail value of property after fix-up = $250,000(Tax assessed value = $221,713)1) Complete selling cost (8%) = $20,000 [3% list fee + 3% selling fee + 1.78% excise tax + closing]2) Remaining after selling cost = $230,000 [Value – 1 ]3) Purchase price = $179,900 4) Finder fee = $5,000 5) Fix-up costs = $20,0006) Out of pocket expense = $204,900 [3 + 4 + 5 ]7) Holding costs = $3,500 [6% annually or .05% / mo. = 1.5% holding for 6-8 weeks ]8) Total cost = $208,400 [6 + 7 ]9) Net profit = $27,208 [2 – 8 ]10) Rate of return = 13% [9 / 8 ] Comps: Sold properties 1) – 4bed 2 bath – 2,901 sqft – 7,405 sqft lot
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16 May 2017 | 1 reply
The question is who had an experiences with the following and how was it:https://www.americanhomes4rent.com/ and/or https://www.roofstock.com/Regards,Levi
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6 April 2016 | 8 replies
will do Levi Thornton
23 August 2018 | 41 replies
Account ClosedThat's interesting about California levying the tax on foreign LLCs owned by California residents.
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7 October 2015 | 3 replies
@Levi FortnerWelcome to the site.
28 May 2017 | 19 replies
Thanks for the thoughts Levi T.