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13 January 2025 | 7 replies
Looking for various tax strategies to reduce the reality that a large RV or boat is a grossly depreciating assetI would not have a loan, so claiming it as a primary or secondary residence and claiming the mortgage deduction is not applicable.I sold my primary residence and I have several rental properties which I use as I'm fixing them up.What I'm pondering is living aboard and working aboard developing a new product, while traveling.
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9 January 2025 | 46 replies
Completed the information multiple times and then they asked me to send copies of Accounting reports despite having access.
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17 January 2025 | 22 replies
@Martti Eckert here's the big issue that no one really talks about that you hopefully find helpful (this is copy & pasted):-----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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5 January 2025 | 18 replies
The Clerk will then give the Landlord a copy of the Summons and Complaint for him to take to the Sheriff's Office to be delivered to the Tenant.The Summons The Summons is what the Sheriff Delivers to the Tenant telling them that they have been sued for Eviction.
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16 January 2025 | 78 replies
I sold the other Class C while it was vacant - I saw the writing on the wall so decided to cut my losses.
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8 January 2025 | 2 replies
pid=2141Houston Real Estate Highlights for December and Full-Year 2024:-Following two consecutive years of declines, single-family home sales rebounded in 2024 with 85,163 single-family homes sold compared to 84,038 in 2023 an increase of 1.3 percent; -Total property sales for full-year 2024 were statistically flat at 101,864 units while the total dollar volume increased 3.1 percent to $41 billion;-December single-family home sales climbed 16.3 percent year-over-year with 7,162 units sold;-Total December property sales increased 13.6 percent to 8,478 units;-Total dollar volume for December rose 20.5 percent to $3.5 billion;-The single-family home median price edged up by 1.3 percent to $334,290 while the average price increased 5.0 percent to $425,150;-Single-family homes months of inventory expanded to a 4.0-months supply;-The townhome/condominium market experienced declining sales throughout 2024, and in December, volume declined 5.8 percent, with the average price up 2.5 percent to $268,152 and the median price statistically flat at $234,250;-Townhome/condominium inventory improved from a 3.5-months supply to 5.4 months.
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8 January 2025 | 10 replies
And assuming a 0% return on the $200k you could have in the bank earning $10k/year if you sold.
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21 January 2025 | 31 replies
The out of the box strategies and set ups sold will never replace customized AP/Tax strategies based on individualized circumstances.
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12 January 2025 | 20 replies
He knew exactly how many homes we could build and what they could be sold for.
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7 January 2025 | 1 reply
Property 1 and 2 sold for $750k, but the foreclosure (3rd) sold for $500kAs you can see, the foreclosure heavily skews the comp.