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26 December 2024 | 8 replies
The first pieces (literacy, metrics) and the following ones noted above are pretty straightforward.
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6 January 2025 | 1 reply
So, the rulings aren't necessarily as consistent as you would hope. 2.
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17 January 2025 | 19 replies
It is investment banking, so the rules are much different than your "normal" lenders who offer mortgages or loans to cover a single or portfolio of collateral.
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4 January 2025 | 11 replies
But then we have to get into talking about the passive loss rules, which may prevent you from actually being able to claim a tax loss if the deduction is more than your rental or other passive income.Or you can claim the actual expenses (gas, insurance, etc) for the vehicle and regular depreciation, proportioned by the percent of business use of the vehicle.
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9 January 2025 | 44 replies
I'm still in reconnaissance mode... so need to collect as much information and knowledge as possible before deciding what to do. 20-80 is more of a rule of thumb and not a "magical" ratio.
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8 January 2025 | 8 replies
Are there any rules, laws, or regulations regarding this?
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2 January 2025 | 2 replies
We do not verify identities, that would be a bigger lift than we are capable of currently, however it is against the rules to use a false identity per section 2.A of our website rules here https://www.biggerpockets.com/rulesSo anyone discovered using a false identity will be removed if they are reported to spam.
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27 December 2024 | 8 replies
To clarify, my focus isn’t on analyzing T-12s for purchasing a property but rather on developing a solid T-12 for managing my property effectively and for use when I eventually sell my investment property in the future.I want to ensure the T-12 I create is both accurate and straightforward, serving as a reliable tool for tracking performance over time and presenting the property’s financials to potential buyers down the road.If you have any advice on key elements to include or how to structure it for these purposes, I’d greatly appreciate your insights.
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26 January 2025 | 54 replies
Brad's group is based in Dallas, but his students live in and are buying in many states, including Arizona, so if you think you might benefit from such a program, don't rule it out based on your location alone.
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24 January 2025 | 36 replies
The rule of 5's, or 5% for capex, maintenance and vacancies is going to get you in trouble.