12 September 2024 | 12 replies
This means you must be feeding other people—such as prospective clients, business associates, or future potential clients—for the primary purpose of benefiting your business.If you do own a business and you are buying meals for these purposes, only the cost of the food and beverages is deductible.
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17 September 2024 | 68 replies
This is one of those times where I can say I hate real estate too, but I'm going to evict them, fix whatever, and get back to the profit I had when everyone was paying, but I'm going to go with all Section 8 tenants this time and visit the current home of prospective tenants and not ignore my gut.
9 September 2024 | 18 replies
That hiccup has not deterred me however.
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10 September 2024 | 1 reply
It would be wise to consult with local real estate professionals, analyze recent sales data, and consider the long-term economic prospects of the area before making any investment decisions.Let me know if you're looking for funding for your RE investment.
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11 September 2024 | 69 replies
So I just saw this post about Section 8 HUD tenants, and this post stated something along the lines of section 8 tenants being more likely to damage properties because they're section 8 low income tenants, and also something about investors not wanting to put money needed into Section 8 properties because they think they're just going to be ruined by these Section 8 tenants, and as someone who knows the entire process with investors, owners, contractors, tenants, and prospective tenants, this is what I have to say about it:In my experience, Section 8 HUD tenants are actually better custodians of the property because of many factors, but 3 of the main reasons being, there is an annual HUD inspection that is performed on each property, so this gives the owner an extra 'protection vector' against damages, also, the initial placement of a Section 8 HUD tenant requires a passing HUD inspection, therefore there's a record of the property's initial state prior to move in, and additionally, they want to have an easy renewal voucher process annually, and their unit remaining in good condition is an incentive for those reasons, therefore they are LESS likely to damage a property - their future depends on it!
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10 September 2024 | 11 replies
When a current tenant gives notice they want to end the lease, I tell them that if I can get a new tenant to sign a lease that starts at the first of the month I will give them $100 as appreciation to allow me to get the unit ready and working with me to keep the place looking good when showing it to prospective tenants.
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9 September 2024 | 5 replies
I’ve heard attorneys who specialize in self directed retirement accounts say you can put the lease agreement together and even show the property to prospective tenants andof course you could manage it.
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6 September 2024 | 6 replies
Not ideal, but the current owner has had health issues that have deterred from fully leasing the building.
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7 September 2024 | 10 replies
If this is a securities offering (with passive investors contributing funds), then the "issuer" of the securities has an obligation to inform prospective investors of all material facts necessary to make informed consent prior to making their investment decision.
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6 September 2024 | 9 replies
("A real estate broker, for the purposes of this article, is defined to be a person, firm or corporation who, for a fee, commission or other valuable consideration, or by reason of a promise or reasonable expectation thereof, lists for sale, sells, exchanges, buys or rents, or offers or attempts to negotiate a sale, exchange, purchase or rental of real estate or an interest therein, or collects or offers or attempts to collect rent for the use of real estate or solicits for prospective purchasers or assists or directs in the procuring of prospects or the negotiation or closing of any transaction which does or is contemplated to result in the sale, exchange, leasing, renting or auctions of any real estate . . ."