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7 October 2024 | 20 replies
I guess the part I'm not understanding is that it sounds you can combine their time for material participation (which is 500 hours), but not for the 750 hours required for REPS...but 750 > 500, if you meet the 750 hours, you already passed the 500 hours for material participation.Or you can get 500 hours combined material participation, but then one spouse needs an additional 250 hours of "non-material participation" (??)
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4 October 2024 | 2 replies
Hey any of my Milwaukee investors in state or out state employing the delayed financing strategy?
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3 October 2024 | 1 reply
For criminal background checks, services like TransUnion SmartMove, RentPrep, or MyRental are commonly used and provide comprehensive reports that include criminal history, credit checks, and eviction history.To verify how much they make, you can request recent pay stubs, bank statements, or tax returns if the tenant is self-employed.
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8 October 2024 | 11 replies
It does not directly offset it, the mechanics are complex, but you should benefit from the $50k losses, resulting in no additional taxes from the sale.
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11 October 2024 | 30 replies
One additional item to consider is to buy an outdated property, rehab it and refinance it, this way you would have less cash into the deal and higher Cash on Cash Returns.
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4 October 2024 | 9 replies
Should I also ask for the employers contact info?
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6 October 2024 | 1 reply
If you're interested in diversifying and don’t mind the operational side of business ownership, acquisitions could be a lucrative addition.
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4 October 2024 | 2 replies
From my employer, I have legal insurance through ARAG that covers 100% of attorney fees when buying a primary residence, filing fees are extra.
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6 October 2024 | 7 replies
However, there are some additional steps involved with Section 8, like coordinating with the local housing authority.
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5 October 2024 | 4 replies
Hi,Once someone passes the Illinois RE exams, what are some options - in addition to joining a brokerage, which seems to be mandatory - if they want to just buy and sell for themselves?