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12 November 2024 | 47 replies
Unfortunately, others are involved, so we'll just write off the $2k as a loss and continue to provide awareness of Bee Setups.
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8 November 2024 | 3 replies
Many applicants just want to tell us their excuses over the phone, but if they won’t take thetime to put it in writing, we find they rarely end up being good tenants.UnderwritingTraditionally, landlords have only looked at the income of applicants and approved those having income equal tothree times the property rent.
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6 November 2024 | 1 reply
We write up a deed and execute the sale.
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9 November 2024 | 44 replies
One way to solve their burden was to write off the properties and leave them in the owner's name.
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4 November 2024 | 2 replies
Who do you use for individual SFH policies or commercial policy that could write a portfolio policy?
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7 November 2024 | 12 replies
You have to follow the lease in place and can write a new only upon renewal.3.
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7 November 2024 | 16 replies
You can also tell the agent to write into the contract that you will pay him 2-3% of the sales price, upon a successful closing.
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7 November 2024 | 22 replies
Bookkeeping when it comes to real estate investments can get tricky.I often find the following mistakes occur1) They fully write off the mortgage payment when in reality the mortgage payment is broken down into Interest, principal paydown and an increase into the escrow account.2) If the property is managed by a PM company, do not factor in the PM Statement3) do not calculate depreciation expenseBest of luck in your search for a proper bookkeper.
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31 October 2024 | 0 replies
If you think writing a generic message will get great results, think again.
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6 November 2024 | 0 replies
The #1 way real estate investors defer taxes to later dates is with a system called depreciation and bonus depreciation.Depreciation is the act of slowly, over time, deducting the initial expense of an asset against your taxable income.Generally over a 27.5 (residential) or 39 (commercial) yr time frame.So each year you can write off a few percent of the purchase price against your income.