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13 January 2025 | 15 replies
Off grid sounds cool to some, but it really limits your potential guest pool.
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18 February 2025 | 0 replies
Here’s the difference:A 5-Star Review Validates It reassures potential guests that your listing is as advertised—which is great, but also expected.
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5 February 2025 | 5 replies
Or if you wanted to sell a rental to make the $200k from selling- you'd have to pay capital gains, and unrecaptured depreciation tax and potentially depreciation recapture.
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7 February 2025 | 6 replies
However, purchasing the replacement property from an estate where your mother-in-law is the executor and other heirs are your wife's aunts and cousins raises potential related-party concerns under Section 1031(f).The IRS generally prohibits 1031 exchanges between related parties unless both the buyer and seller hold their respective properties for at least two years after the exchange.To stay compliant and avoid disqualification, ensure:The estate sells the property directly before any distributions to heirs.You hold the replacement property for at least two years.The transaction is conducted at fair market value with no prearranged agreements.Given the IRS scrutiny of related-party 1031 exchanges, consult a qualified CPA or 1031 exchange accommodator to structure the deal properly and avoid potential capital gains tax liabilities.This post does not create a CPA-Client relationship.
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24 February 2025 | 36 replies
I bought a cash-flowing, turnkey duplex in my hometown (a market I knew and understood and saw the potential for + have family close by that can help me manage it since i'm OOS).
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24 February 2025 | 13 replies
An accountant is a general job title that may potentially do one of many different tasks(bookkeeping, reviewing financials, assurance, taxation, etc)Bookkeepers are specific that they will likely only do the bookkeeping.
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4 February 2025 | 0 replies
The property's appeal increased dramatically, attracting numerous potential buyers.
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5 February 2025 | 8 replies
So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.
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23 January 2025 | 4 replies
Are there wholesalers in your market you can ask if you don't want to talk to a lawyer for some reason?
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22 February 2025 | 8 replies
It’s rare to find a market that offers both affordability and growth potential in 2025, but Oklahoma seems to have that sweet spot.