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14 February 2024 | 3 replies
transunion offers one for free to you. once you've selected your prospective tenant, you submit their basic info (name, email, etc) into the TU site, and it asks what services you'd like: credit, background, etc. it will send them a link to complete the sensitive info like socials and such, and then charge them for the credit/ background check. or if you'd prefer to pay for it, you can select that option as well. ive been using this, pretty great so far!
10 July 2019 | 41 replies
But in reality, if you've kept it up, it is still worth at least $100,000 and probably a lot more.The kick in the teeth comes when you sell it and have to pay depreciation recapture or do a 1031 exchange, but that's out of the scope of this discussion.Bottom line: yes, you can use excess (unused) deprecation from Property A to offset the tax liability of profits from Property B, or a flip, or W2 income from another source.
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9 February 2024 | 20 replies
California has specific mold laws - I suggest you read up on themCalifornia's "Toxic Mold Protection Act of 2001" authorizes the state's Department of Health Services (now called the Department of Health Care Services) to set permissible levels of indoor mold exposure for sensitive populations (like children, or people with compromised immune systems or respiratory problems).
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5 December 2018 | 4 replies
You can work with a professional to create a structure that puts you very much in control of the investing, but always want to have someone on your team who can help you to navigate the IRS rules.For investments like rental properties that tend to involve a lot of transactions, some of which may be time-sensitive, there will be significant benefits with a plan that offers checkbook control such as an IRA LLC or - if you qualify as self-employed with no full time employees - a Solo 401(k).
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18 August 2023 | 12 replies
The owner is very sensitive to employees finding out the business is for sale (so am I) and I was hoping to get this in front of a few groups quietly.
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8 February 2024 | 9 replies
can be overwhelming because they include things like a "Monte Carlo Simulation" or "Sensitivity Analyses"... just get a grasp of the fundamentals like cap rates etc. and go from there.3.
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30 October 2023 | 6 replies
This is where I cut my teeth on building houses and remodeling.
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17 January 2024 | 27 replies
My previous W2 was the lead over very time-sensitive, high value maintenance projects on Offshore oil rig (subsea department) where the extremely remote environment requires perfect planning(middle of ocean) .
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12 February 2024 | 4 replies
Always good to loop in your accountant with your attorney as you formulate your structure as there could be some nuance ways to avoid certain tax events with structure but generally speaking if tax consequences is something you are sensitive towards (which is a good way to approach the business) the type of investing and timing of dispositions has a greater impact.
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26 May 2022 | 11 replies
You have to try to have enough teeth in the assignment agreement (i.e. a large enough EMD) so that they don't want to do that.