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14 January 2025 | 4 replies
And if you’re into marketing, knowing your way around Canva or even basic social media scheduling tools would be really helpful too.Finding a gig might take a little effort, but there are so many opportunities out there.
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7 February 2025 | 2 replies
You might consider: Consulting a Real Estate Attorney – Your emails may possibly prove misrepresentation.Requesting Public Records – A FOIA request might reveal why the city denied you but later approved the duplex.Escalating to City Officials – Bringing this to local officials could expose inconsistencies.Exploring Tax Write-Offs – A CPA might help offset your financial loss, if it is possible.I’d definitely seek legal advice.
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22 January 2025 | 5 replies
From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party.
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24 January 2025 | 36 replies
You can probably beat $2000/year insurance, but the management fee should be 10%, you need to factor in turnover too and 5% is probably not enough for both maintenance and turnover and I assume you added it, but you didn't mention property taxes (which have been terrible in Jackson County lately since Frank White decided to jack them through the roof).
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4 February 2025 | 1 reply
Income would be from hunting dues and timber harvesting, expense would be conservation management, taxes, and the mortgage.
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27 January 2025 | 8 replies
I'm assuming you are arriving at your cash flow number by applying Gross income - cap ex, maintenance, utilities, vacancy, tax, insurance, mgt, landscape/snow & Debt service?
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10 February 2025 | 0 replies
even if its interest only, id want to pay down principal here and there. seems like sellers would offer this interest only route so they have 0 capital gains tax, but id rather pay down a bit of principal in 7yrs. i see its not required but it should allow for principal paydown in promissary note3) any general advice to look out for on seller financing?
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22 January 2025 | 12 replies
Maybe I'll make a policy to schedule all our leases to end in a spring/summer month range.
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5 February 2025 | 56 replies
All that matters is whether the property will attract reliable tenants (A reliable tenant stays many years, pays the rent on schedule, and takes good care of the property).
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24 January 2025 | 4 replies
The sellers you are dealing with in these situations don't deal with prorating Taxes, or any other kind of prorations, that is what an escrow agent does.