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4 September 2024 | 8 replies
From what I understand, it’s common to place 2 beds in each room and charge weekly/monthly.
4 September 2024 | 12 replies
I knew there were other fees associated with PM, and rightfully so, but I didn't know this one was common.
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6 September 2024 | 79 replies
Partnering in deals is common and some of us have done it for most of our careers, but we only opened this up to the public at the end of 2016. 2.
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4 September 2024 | 1 reply
It was removed about a year ago to avoid duplication with the newish "Find a Lender" tool - you would be required to utilize that or go to the Classifieds Forum and post the needed scenario and have lenders be able to come to you directly
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2 September 2024 | 13 replies
In the apartment industry, typically $250-300 per unit per month is held by the banks in escrow, but R&M can be much higher - Utilities - Is there any common-area lighting?
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5 September 2024 | 8 replies
Mainly raw land with utilities already on site, or properties that have been vacant for 10+ years, that would be a 50/50 on demo or rehab.The other fun fact that I learned at the sale: the tax foreclosure only wipes out the tax included in the judgement years.
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5 September 2024 | 12 replies
@John Teachout I've seen "adult family home" be used in a lot of different contexts but the most common is for senior citizens.
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5 September 2024 | 16 replies
You can still self-manage from distance and utilize help when needed for the local tasks.
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4 September 2024 | 3 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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3 September 2024 | 0 replies
There are specific rules for 1031 exchanges including:The replacement property must be identified within 45 days of transferring the relinquished property.The replacement property must be received within 180 days after the transfer of the relinquished property or the due date of the taxpayer's tax return, whichever is earlier.Special rules apply for exchanges between related parties (defined in § 267(b) or 707(b)(1)).Real property located in the United States and real property located outside the United States are not considered property of like kind.Cost Segregation StudiesA Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.