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22 October 2024 | 4 replies
I thought it was simply the difference on percentage of appraised value (4% vs 6%).
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22 October 2024 | 6 replies
Be creative--work a deal with them on percentages at sale if you need to.
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20 October 2024 | 6 replies
Better to own a smaller percentage of projects that perform well than own greater percentages of projects that perform poorly with added stress.
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21 October 2024 | 6 replies
I recently learned that if you owner occupy a residence for part of the 5 previous years before sale, and you rent it for the remaining time, you can calculate the percentage of time the property was owner-occupied (and thus qualifies for the sec. 121 primary sales tax exemption of up to $250k for single filers) vs the time it was being rented (which qualifies for 1031 exchange) and claim both benefits. https://hcsequity.com/blog/combining-1031-exchange-with-121-....How does this work for a multi-family?
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22 October 2024 | 12 replies
In this approach, the taxpayer calculated that the cost to construct a new building (say, $300 per square foot at 2,000 square feet, totaling $600,000) should be allocated to building and the remaining balance of the acquisition should be allocated to land.Rule of thumb method: Some taxpayers use a predetermined percentage (such as 80/20 percent, 70/30 percent, etc.) for improvements and land.
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21 October 2024 | 13 replies
There are two distinctly different collection strategies you can pursue:1) Collections Company: there are several that ALL they do is pester the debtor for payment with calls, texts, emails, letters, etc.2) Collections Attorneys: they will get a money judgment for balance owed and then pursue garnishment as necessary - including garnishing any state tax refund (if the state allows).Both will take a percentage of what they collect.
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23 October 2024 | 7 replies
So I believe mortgages will look at DTI and want to make sure your income covers your current and future debt obligations at a percentage of 40-49% I believe, so their multiple would be more like 2-2.25x, but it's not a real apples to apples comparison.
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28 October 2024 | 30 replies
You can do this in two ways; leverage a percentage of the cash flow and collect dividend then add active partner through dividends, or traditionally sell interest to an active partner.
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20 October 2024 | 8 replies
Because a large percentage of the charges are base fees that do not change based on use!
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17 October 2024 | 14 replies
If so, what would the percentage be?