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24 December 2024 | 13 replies
Lol Just cancel it then and walk away :) take the write off at the end of the year.
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3 January 2025 | 40 replies
I actually sold a Class C a few months ago - I saw the writing on the wall after one Class C, very likely no capital gains after all my passive losses.
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17 December 2024 | 17 replies
Here is a list of potential options:Trello/Asana/Zoho Projects/Freedcamp/Basecamp/Workfront/Monday.com/Jira/etc,etc,etc,etc,etc - General project management software that includes tasks, Gantt scheduling, calendars, project forums, document storage & team collaboration toolsTeamGantt/Gantter/MS Project - Gantt Scheduling Softwares for creating Gantt Charts & Timelines, & managing tasks.Podio - Customizable system that allows you to build workflows, track tasks, track leads, etc.Smartsheet/AirTable - Provide spreadsheet style platforms with additional functionalities for uploading documents/images, assigning tasks, calendar, images, etcOffice 365/Google Sheets Spreadsheets - Believe it or not, a lot of successful flippers still manage their entire business in Microsoft Excel or Google Sheets.
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19 December 2024 | 12 replies
This means you'll want to "write off" expenses related to a property you have in service because if those expenses don't benefit you this year they could in the future once you sell the property.We can get into a lot more details with the "if" "and" or "buts" BUT I think this would be the "simplest" answer without diving into your specific situation here.I hope this helps!
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18 December 2024 | 5 replies
In my free time, I like to play pickleball, bass guitar, and I write real estate based articles on LinkedIn.
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25 January 2025 | 155 replies
Quote from @Ryan Hakes: @Jay Hinrichs Incidentally I heard about this from an ad on Facebook so came here for explanations and comments as the ad was clearly intentionally ambiguous and designed to put you into a marketing funnel.Incidentally, it's perfectly acceptable to write into an agreement that earnest money shall be due 3-5 banking days after acceptance which is enough time to use your end buyers non-refundable deposit (except for free/clear title).
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18 December 2024 | 9 replies
You want to put everything in writing and be very clear about expectations and responsibilities.You also need to verify the remaining tenant can afford the rent.
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25 December 2024 | 12 replies
In that case I write off the lost rent as cost of doing business, but I prefer that to the expense and hassle of an eviction, which typically ends up costing us more and takes longer, even though Milwaukee is still pretty landlord-friendly.I have also done cash for keys, but typically very conditional.
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19 January 2025 | 354 replies
@Jason MonacoQuestion for your cpa but if you were to write it off and did get something then you would have to claim that as income so probably best to follow whatever they give you for a k-1Did they give out k-1’s last year?
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22 December 2024 | 0 replies
But, I didn’t write this to tell you that you can’t achieve your goals without a mentor, because you absolutely can.