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25 January 2025 | 26 replies
Have you calculated what your (monthly nut) is you need to survive business wise and personally?
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25 January 2025 | 155 replies
Gator most of the risk is on the person providing the earnest money.
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20 January 2025 | 6 replies
Also, long term, I expect Sac will enact tougher restrictions on STR, given the intense housing crunch we're experience, so I personally don't expect that to a be a good long term strategy.
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21 January 2025 | 10 replies
The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.
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22 January 2025 | 4 replies
One caveat to this strategy is that you can’t live in a property that your IRA owns, nor can you rent it out to anyone else who may be considered a disqualified person like your spouse or child.Feel free to connect with me and send me a direct message if you want to learn more!
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27 January 2025 | 5 replies
Did you give her written permission to store personal items outside in a common area?
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28 January 2025 | 15 replies
The Landlord will verify that the rental is empty of all personal belongings and trash and that there is no damage beyond ordinary wear and tear.
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27 January 2025 | 6 replies
If an in-person visit is not feasible, we can easily arrange video tours to accommodate your schedule.
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22 January 2025 | 9 replies
Build connections with local professionals, talk to them in person, and value there time over yours.
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25 January 2025 | 7 replies
Personally, my primary residence has appreciated around 6% in market value and I live in Levittown.