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19 November 2024 | 2 replies
Their combined monthly income is 3X my rental amount but the man's income is in cash (he is a car mechanic).
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19 November 2024 | 0 replies
To qualify, taxpayers must meet specific criteria demonstrating that they are real estate professionals who materially participate in their rental activities.How to Navigate the Rules:Step 1: Identify your real property trades or businessesHere is a list of activities that are considered to be a real property trade or business:RedevelopmentLeasingConversionConstructionReal property developmentReconstructionOperationRentalBrokerageManagementAcquisitionIf you participate in multiple of these activities, you may be able to combine them making it easier to meet the material participation hour requirements.Step 2: Demonstrate material participation in real property trades or businessesThere are seven tests to determine if you demonstrate material participation.
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20 November 2024 | 27 replies
Thank you yes that make sense, inclining towards using a combination of free sites and select one paid site like FF, in fact I am looking similar to you for 3 months minimum stay and yes, rooms are furnished.
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26 November 2024 | 86 replies
For example, I'd like to see a sponsor making $150,000 - $300,000 in base salary income from their combined portfolio of projects, if they are managing my money full-time.
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12 November 2024 | 2 replies
I can put a combination lock on it but wonder if that will satisfy his requirements?
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17 November 2024 | 5 replies
It combines the pride of owning a tangible asset with the potential for value growth.
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17 November 2024 | 16 replies
That means that all neighborhoods have some element of "D class", so even if you make your property "A class", it will be held back in appreciation.
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16 November 2024 | 3 replies
Combining these strategies often gives investors the best balance of cost, simplicity, and security.
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1 December 2024 | 377 replies
@Jonathan D. great goals, make sure you combine action and education everyday!
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20 November 2024 | 14 replies
Depending on your goals you could either:1) Cashout refinance and invest proceeds in additional purchases2) Sell or 1031-X them into bigger acquisitions3) Combination of both 1 & 2.