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26 September 2024 | 1 reply
Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.
This is exactly what real estate professionals have learned to ...
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29 September 2024 | 7 replies
She's willing to pay the rent for the next two months to be a PITA, that is her choice.Inform her in writing the need to keep the AC set to a minimum level to protect the health and safety of the property even if she is not living there.
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28 September 2024 | 11 replies
What you do have to check into are the limits for staying so that you don't lose your Canadian Health Insurance.
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14 October 2024 | 420 replies
In my opinion, all have a general relevance for educational purposes to elevate your status within an industry, and this is applicable to most.
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29 September 2024 | 21 replies
Additionally, a larger property like this is valued based on the actual cash flow, not sales comps, so you have the ability to force appreciation faster with efficient management.Adding the a 5-10 unit may also increase the amount of time you spend getting you closer to the 'Real Estate Professional' status for tax purposes opening up room for offsetting some W-2 income on taxes.
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2 October 2024 | 24 replies
But you have to be careful as they could be dangerous for your financial health if not used properly.
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26 September 2024 | 2 replies
Hello, if I have a HELOC on a primary home and I move out to convert the house into a rental property, do credit unions/bank typically have an issue with that? I know they do not like to give HELOC on investment prop...
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27 September 2024 | 3 replies
These elements show the overall economic health of an area, which directly impacts real estate demand.
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27 September 2024 | 16 replies
Interestingly only talked to a few health care workers (physicians, pharmacists, RNs).
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25 September 2024 | 14 replies
Your brother-in-law’s 10% ownership won’t affect your ability to claim this exclusion on your portion.Unfortunately, the option to roll proceeds into another property (like a 1031 exchange) only applies to investment properties, not personal residences.You’re likely eligible for the exclusion, but I recommend confirming with a Tennessee tax professional for any specific state tax issues and to verify your status with overseas residency.Let me know if you need more guidance on this or related financing!