11 March 2024 | 7 replies
for 1050/month all bills paid. they claim this cash flows 3600/month (4200-600). the math on that is they say electric is 90 unit, trash and water is 50 each for all 4 so theres your 600 and say they can provide receipts on all this. it's located a handful of miles, about 6-8, outside the nearest small town with a wal mart etc.one thing is it seems better apts, in town with 600-800 ft, go for more like 1k no bills paid. even adjusting for the all bills paid part, i feel like 1050 is aggressive on these. otoh near me some crappy tiny apt with mold and everything go for 750, and these are much nicer than that. i think 700-800 would be an absolute floor on what they could rent for.i guess i just have no idea for example, insurance?
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11 March 2024 | 25 replies
To trigger this exception, you must meet three criteria:You must sell your entire interest in the underlying passive activityYou must trigger a tax event, meaning that you must sell your interest for value in a fully taxable transactionAnd you must sell your interest to an unrelated third party, no family or close affiliates.Source Link
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10 March 2024 | 8 replies
I have a service agreement that either party can end with 30 days notice for good, bad, or no cause.
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12 March 2024 | 250 replies
I am learning a lot I agree but in todays world where "seller financing" and creative financing are the next big thing, MOST of those situations neither party is getting title insurance.Here is an instance where I bought a property and had a title claim.
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11 March 2024 | 152 replies
From a tax perspective... whenever I read the borrow and die I found it to be very funny, first of all the borrow part is no longer working as interest rate is whooping 6-8% , HELOC is 12/14% and once we are retire, there's no opportunity really to do refi or HELOC.
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11 March 2024 | 19 replies
Even with an ITIN and LLC, etc...Can discuss when we meet next week also 🙏 I think they might get around it by nominating the PM or some neutral party to be on the checking account with them.
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9 March 2024 | 4 replies
We are interested in learning the necessary skills needed to effectively find deals, fund deals and match-make for the mutual benefit of all the parties.
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10 March 2024 | 5 replies
A property manager does have to deal with the tenants they place.2) So, why can't you screen this interested party yourself and not pay the commission?
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11 March 2024 | 27 replies
Every one of the owners we work with gets personal attention and have a direct contact phone number(not for the person in charge of their property with our company. if you'd like to continue this discussion feel free to reach out and I can get you some examples as well do we have done by a third party and I'll let it company. again, glad to hear about your success up in Wyoming area and hoping the best for you!
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11 March 2024 | 20 replies
The hard part is knowing if a lender will accept it.