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7 December 2024 | 6 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.
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16 December 2024 | 3 replies
You may pay 1.5m and up for a good one, likely more if parking and balconies, but the play is to buy a multi and then wait and in a few years, turn them into condos and sell them separately - that's how you make the money there.
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7 December 2024 | 14 replies
You will pay a premium to be there, but it will probably pay off in the long run.2.
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13 December 2024 | 7 replies
I knew a few people that went to SUNY Binghamton (and one that moved back there recently) so I had student housing in mind when I asked the question.
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16 December 2024 | 8 replies
@Ludwig KoenekeI agree with @Jonathan Greene that you shouldn't pay for an appraisal twice.
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11 December 2024 | 1 reply
It's essential to prioritize their comfort and peace of mind during the transition.● Management Company Challenges.
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11 December 2024 | 3 replies
Gravel and posts come to mind as options.
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16 December 2024 | 1 reply
[1] How are retirees living on rental income supposed to pay their mortgages?
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14 December 2024 | 42 replies
I would tell myself to figure out how to buy it if it is close to making sense and don't squabble over an extra couple thousand dollars that you are only paying 20-30% of at close anyways.
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8 December 2024 | 26 replies
A 1031 exchange is NOT available for owner occupied property so that’s the bad news.The good news is for owner occupied primary residences, for married couples, the first $500,000 of pain is tax free.No need to worry about a 1031, live in the house, sell it, use the $500,000 exclusion and you pay KP tax on whatever profit may exist,2.