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30 December 2024 | 8 replies
Basically, it just depends on the comps in the area and the property values in that area.
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31 December 2024 | 9 replies
I don't immediately see any reason that their basic home value and rent indexes should be considered fundamentally flawed based on that connection.
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9 January 2025 | 46 replies
Instead of giving me excuses, brushing me off, ect ect, my taxes were done in 3 days.My tax liability went down by 10k with my deductions (now finally added) and my new CPA charged me $1300 for my business, personal and WALKING ME THROUGH THE WHOLE PROCESS.True Books charged me $6500 to get to this point (and wanted another $1500 for the final leg) to basically have me rack up fines, brush me off and gaslight me as if this is the norm.I'm writing this review as I wish someone had written it for me. 0/5 stars.The only thing True Books got done in a timely matter was the cashing of my checks.Sorry!
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30 December 2024 | 20 replies
@Chris Kay to learn to properly DIY manage you have two basic options:1) Trial & fire on your own, hopefully not making a major mistake that costs you tens of thousands of dollars.- Once your time is more impotant to you then the cost of a PMC, you can hire one.2) Hire a PMC to guide you on your first rental and learn from their expertise.- You can buy additional properties and DIY manage those, perhaps leaning on the PMC for any issues you're not sure how to handle on your own.Good luck:)
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5 January 2025 | 17 replies
Portland has one to the Lloyd center once the largest now basically defunct.
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7 January 2025 | 22 replies
Real material cash flow is basically 50% of your net income.Cash flow is a metric that requires a debt ratio.
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27 December 2024 | 3 replies
It will familiarize you with the basic terminology and benefits.
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26 December 2024 | 7 replies
And even if they do, they can change that at a monthly BOD meeting.Plus, since you are going to have to hire out the 1) Property Mgmt, 2) Repairs and maintenance, and 3) cleaning, your profit margin is going to be very slim, particualry in a condo (which will have a much leaner net profit than a basic house.Not trying to be a downer, but I'd suggest looking at another avenue for REI.
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30 December 2024 | 13 replies
Thoughtful extras, such as welcome baskets or well-stocked kitchens with basic spices, can make a stay memorable.
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4 January 2025 | 11 replies
I'm not sure if we can like to articles on our own websites here, so to be safe I'll just suggest the IRS web page, which does do a pretty good job of explaining the basics: https://www.irs.gov/taxtopics/tc510The main thing to know if you're going to claim business miles is that you do need to keep a log of every business trip.