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22 February 2025 | 13 replies
But we dont go down the chain to see if the roofer is paying his shingles bill though / Having Subs you can trust is paramount in this business.. cheap is not always what you waant you want subs that are making money and pay their bills and have credit..
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27 January 2025 | 0 replies
This normally would not be an issue but the cost of the water/sewer is extremely high in this area and specifically because the meter is a one inch, the costs are much higher than a normal 3/4 inch on a non-duplex.
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7 February 2025 | 6 replies
@Eric SmithGenerally, if the taxpayer sells the relinquished property to an unrelated party, the taxpayer generally cannot acquire replacement property from a related party unless:The related party is also participating in a 1031 exchange.The related party pays more in tax on the sale to the taxpayer than the taxpayer is deferring in the exchange (this scenario is rare).Let’s look who is considered a related party: Spouse, children, grandchildren, parents, and siblings.Corporations and shareholders owning more than 50%.Commonly controlled corporations.Partnerships and partners with more than 50% interest.Trustees, grantors, and trust beneficiaries.Non-Related Parties:In-laws.Aunts, uncles, nephews, nieces.Friends.Domestic partners.Entities owned 50% or less by the taxpayer or a related party.In your case, your mother-in-law, aunts, and cousins are not considered related parties to you under the definitions in Sections 267(b) and 1031(f).
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22 February 2025 | 109 replies
I have invested in both Fund 3 and Cypress offered by Open Door Capital and they both have been extremely disappointing.
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4 February 2025 | 17 replies
He is a trusted associate, and I am merely a tax professional you never met.
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3 February 2025 | 1 reply
Experience Opens Up More DoorsTwo key things happen when you take a piece of a good deal:1️⃣ People trust experienced investors more than rookies.
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2 February 2025 | 20 replies
We cannot breach our guests' trust by playing games with them.
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6 February 2025 | 9 replies
I've worked with many investors in seller financed transactions and an experienced buyer agent would be extremely valuable to you.
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14 February 2025 | 11 replies
After all, if you can't service them, you could refer them to another agent you trust and earn a portion of the commission.