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25 February 2025 | 18 replies
He was surprised and said he needed to talk to his business partner (brother) and call me back.
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3 February 2025 | 26 replies
We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.
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26 February 2025 | 12 replies
This means that when you sell the property, your adjusted tax basis is lower, which increases the capital gain you must recognize.Additionally, any accelerated depreciation taken is subject to depreciation recapture at a higher tax rate (up to 25% for real estate assets) rather than being taxed as long-term capital gains.So, while cost segregation provides significant upfront tax savings, it also increases your capital gains tax liability upon sale unless you use a 1031 exchange or other tax-deferral strategies.You can find your current tax basis by reviewing your depreciation schedule (Form 4562) and prior years’ tax returns, specifically looking at your adjusted basis on Form 4797 (for sales of business property) or Schedule D (for capital gains and losses).Your CPA should be consulted prior to making any decisions.
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25 February 2025 | 8 replies
Since we only lend our own hard-earned money, this gives us the confidence that they are the kind of people with whom we want to do business—and vice versa.Most people are good people, but occasionally, we meet a stinker.
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14 February 2025 | 21 replies
Or start a business which would require a lot more time than owning RE.If it were me and Dallas is appreciating, I'd probably hold onto it since you've had it since 2011.
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14 February 2025 | 7 replies
Edit: For SFH A simple answer: everything is negotiable and every agent runs their business differently.
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9 February 2025 | 3 replies
I am a general business major and also currently working on obtaining my real estate license to become an agent.
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2 February 2025 | 5 replies
In return for excellent service I'll be offering repeat business and I'll happily provide referrals to my existing investor network for those top performers.
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3 February 2025 | 2 replies
FHA loans are designed for primary residences and require the borrower to be an individual, not a business entity.
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2 February 2025 | 4 replies
We have worked hard to build up our systems to manage our business.