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21 January 2025 | 18 replies
So if your interest payment is $1000 then the servicer automatically ACH debits your account that plus the servicing fee (assuming you set up automatic payments as @Christian Ehlers suggests).
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24 January 2025 | 3 replies
We have some retirement accounts.
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20 January 2025 | 242 replies
The company is in a huge crisis - he said the entire accounting department walked out while he worked there.
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14 January 2025 | 19 replies
However, I got caught up during creating my listing because it looked like I needed to have another account (Stripe?
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22 January 2025 | 1 reply
Quote from @Courtney Dettlinger: Your equity is not a savings account from which you can withdraw for free.
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16 January 2025 | 2 replies
They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.
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23 January 2025 | 11 replies
This is a fine needle to thread because at this size, you very quickly start competing with high net worth individuals who are seeking summer homes.
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5 February 2025 | 4 replies
Current individual stock portfolio (non-retirement accounts) with holdings that might be volatile in the next few years (big tech & big oil). $51k is about 17% of the portfolio and gains on the stock holdings are already 100-200% (long-term).
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5 February 2025 | 8 replies
Hi thereAccording to IRS guidelines, once a property is ready and available for rent, meaning after you completed the renovations. you would be able to deduct expenses. snce this was your main home, the tax accountant you will use will need to do a conversion from personal residence to a rental for depreciation purposes. the improvement you made, depending on what they are, may be added to your basishope this helps
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21 January 2025 | 5 replies
Future land appreciation in this area might outweigh any tax benefits from buying in other areas, with a better (tax-wise) ratio.Before pursuing your plan, talk to a real estate accountant to figure out if you can, in fact, benefit from cost segregation.