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9 December 2024 | 2 replies
SPECIAL RULES FOR SECTION 1031 LIKE-KIND EXCHANGE TRANSACTIONS, page 135 states:". 01 Taxpayers are provided the relief described in this section if an IRS News Release or other guidance provides relief for acts listed in this revenue procedure (unless the news release or other guidance specifies otherwise)..02(1) The last day of a 45-day identification period set forth in § 1.1031(k)-1(b)(2)(i) of the Income Tax Regulations, the last day of a 180-day exchange period set forth in § 1.1031(k)-1(b)(2)(ii), and the last day of a period set forth in section 4.02(3) through (6) of Rev.
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7 December 2024 | 5 replies
48,000/300,000 = 16% ROI60,000/380,000 - 15.7% ROIAppreciation:Renovated single family = 33% appreciation potentialConvert to Quad = 31.58%So in both calculations your percentage return from gross revenue AND appreciation is higher renovating the single family.
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14 December 2024 | 36 replies
Only $50 per month with the access to most of EXP’s internal tech,training and systems with the opportunity to still receive monthly revenue share as an alternate income source!
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6 December 2024 | 0 replies
They said that per California Revenue and Taxation code, they're asking me to provide them info such as the purchase agreement, rent rolls, etc. to assist them in doing the reappraisal of my property.
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19 December 2024 | 82 replies
•Set up your EIN and operating agreement.2.Set Up Your Business Bank Accounts:•Open 3–5 business bank accounts to give your money purpose:•Income Account: For revenue and deposits.
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12 December 2024 | 49 replies
I want my occupancy (and revenue) to be maximized so, for me, it's very important to have something unique that the other places don't have so my condos will stay rented throughout the low season and in case of a downturn in tourism.
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9 December 2024 | 0 replies
So the gross revenue with all bedroom rented would be $795 + $795 + $895 + $995 + $995 + $1095 = $5570 a month.
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9 December 2024 | 21 replies
While AirDNA suggests revenue could reach $80K–$90K with theming and strong management, the current $66K gross income and $4,300 monthly expenses result in negative cash flow, which may persist until rates drop for refinancing.
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5 December 2024 | 4 replies
I do have an accounting department that handles the payables. 3.Consider a Maintenance/Construction Division (When the Time Is Right): Margins in PM are thin, but bringing maintenance in-house can be a strong revenue stream.
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17 December 2024 | 86 replies
@Michael Weigum what would the gross revenue be on a $150k beach front condo in Myrtle Beach?