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14 October 2024 | 6 replies
By "positioned" I mean - ready to pull the trigger when the right deal comes along.
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18 October 2024 | 29 replies
If they indicate they will leave a positive review, the survey will direct them to the proper OTA to leave that positive review.If they indicate they will leave less than a 5-star review, trigger an email to the host/assistant for immediate follow-up.
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15 October 2024 | 40 replies
Particularly when it comes to residential properties, most lenders would rather lend to people than LLCs.Transfer of Property: Your mortgage's due-on-sale clause may be triggered if you subsequently decide to transfer a property that you now own in your name to an LLC.
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12 October 2024 | 7 replies
But I can still use an FHA loan and then transfer the property for $1 to obtain maximum protections of an LLC with maximum leverage.They are told this can trigger due on sale clause and will still will be paying transfer taxes based on the properties assessed value + deed prep, recording and misc. title expenses.
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11 October 2024 | 2 replies
However, it's important to note that using leverage in an IRA can trigger Unrelated Business Income Tax (UBIT), and there are strict IRS rules to follow to avoid prohibited transactions.
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17 October 2024 | 47 replies
So I shorten my reply, remove some triggering words and my reply goes through.
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10 October 2024 | 7 replies
If it’s a new purchase and the sale triggered a reassessment then you can certainly appeal it if you think they overvalued it.
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10 October 2024 | 2 replies
Section 721 of the Internal Revenue code allows an investor to exchange property held for investment or business purposes for shares in a Real Estate Investment Trust (REIT) or an Operating Partnership without triggering a taxable event.Many investors are aware of a 1031 Exchange where an investor must find a replacement property to defer capital gains taxes on the property that was sold.
9 October 2024 | 1 reply
Over-inflating the purchase price to account for closing costs could be seen as fraud or could trigger issues with the loan approval, especially if the appraised value doesn’t match the inflated price.
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10 October 2024 | 9 replies
Caveat: Rule of thumb is to not do more than 1-2 of these short-term transactions, otherwise, you could trigger UBIT.