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9 January 2025 | 1 reply
Hello, my name is Kamarye Hodges and I am a broker, I wish to gain insight and experience. Hopefully I could even provide some sort of value to this group and most definitely do business with some of you. I like to bu...
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28 January 2025 | 11 replies
Yes, do the tax exchange if you can.
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14 January 2025 | 1 reply
refinance our own home with some money down + purchase another flip?
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2 February 2025 | 7 replies
So if they can get guaranteed 5% interest in an account they can get their money out of at any time they’ll want 8-10-12%.
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4 February 2025 | 17 replies
Since the loan is still in your name, you can deduct the interest you’re paying to the lenderon your tax return...
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29 January 2025 | 10 replies
If its a Class C I'd go for a more affordable unit, there's no point in putting in more money than you have to.
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4 February 2025 | 41 replies
Taxes, costs, eviction complexity, etc are going to be a much bigger factor in your success than anything else.
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24 January 2025 | 21 replies
The #1 way to build a pile of money?
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29 January 2025 | 4 replies
Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.
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29 January 2025 | 15 replies
I would search the BP forums because your tax / legal related questions likely have already been asked.However, it doesn't hurt to still ask the forum what your questions are.