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27 November 2024 | 4 replies
The 1031 will let you get there using the tax dollars for your benefit rather than paying them to the government - a big bump to your net return.
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26 November 2024 | 11 replies
Can you go ahead and change that (think address of record for LLCs or bills for other properties).Make sure any HOA and the local government allows for your home as an MTR.1 last point to add to Jamie's first point: if you can, take a video tour of the home and what you're leaving behind.
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28 November 2024 | 26 replies
The number one employer is the state government, because the capital is next door, and the number two employer is the federal government, both are not cyclical and don't fluctuate, if anything their job base increases.
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5 December 2024 | 34 replies
But….You can see you’re being screwed over by the power company, or the government, or both.
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10 December 2024 | 100 replies
Know that the market you're serving does exist, and is like an underlying current that's being held back by walled garden that the government has only recently scrutinize.Zillow, Redfin and Trulia has all attempted at disintermediation and increase market efficiency, but failed due to the market powers that maybe.
26 November 2024 | 3 replies
Government AgenciesGovernment agencies can also foreclose on properties.
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25 November 2024 | 2 replies
If I do this, will IRS (or any other government entity) start looking at me and wondering what's going on?
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26 November 2024 | 4 replies
A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.
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26 November 2024 | 19 replies
@Lucas Schlund the same thing that happened to all the STRs in NY City when their ordinance went into effect, as well as many other cities.Owners must comply and the government doesn't care about your potential losses:(
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14 December 2024 | 101 replies
I'm very surprised that the government has no regulation on this!