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10 July 2024 | 87 replies
Steve Mashura,NAR partners with businesses to peddle whatever wares to newly licensed agents as a benefit that sucks them dry of any start up money.NAR has some lobbying efforts that help with legislation from time to time but other than that pretty worthless.I was REALTOR first year in business over 20 years ago and saw no value.
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3 July 2024 | 40 replies
I know that cities/counties do not give approvals for smaller things, like dry wall installed before electricals are inspected.
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2 July 2024 | 1 reply
Again I don't think this is a 2024 or even early 2025 type problem, I am more so looking to maintain my current returns, while having the ability to scale further in the 3-5y horizon while tapping into equity built over the previous few years of renovations and property stabilization.Yes a normalized market is a great opportunity to grow the portfolio, which I certainly plan on doing, I just want to ensure I can tap into the dry gunpowder that has taken a lot of effort to create the past two years.
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1 July 2024 | 3 replies
It just seems excessive.
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1 July 2024 | 2 replies
Agreed with Account Closed - putting real estate, or a real estate partnership - within an S-Corporation provides effectively no value, while creating significant headaches and tax consequences.The only real benefit left for an S-Corp is partial shielding of employment taxes - but a rental property already doesn't produce any self-employment taxes, so the one benefit already doesn't apply to the rental.Then you have problems with not getting basis in the debt of the property, having a lack of flexibility on future structure, issues with distributions in excess of basis...just nothing about it is good.If the Partnership hires a property manager, and that property manager ends up being your S-Corp - great, now you are perhaps better managing your exposure to self-employment income as a result of these property management fees.
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28 June 2024 | 2 replies
However, the dog has excessive barking whenever the tenant is not home.
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1 July 2024 | 8 replies
There were cups and bowls drying on the counter next to the sink.
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2 July 2024 | 26 replies
Sheetrock guys always need another room to work on while mud/paint dries.
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30 June 2024 | 8 replies
You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.
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1 July 2024 | 18 replies
That money is slowly starting to dry up and values are getting soft.