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29 October 2024 | 9 replies
Will they lose their ability to deduct bonus depreciation against their regular 9-5 income for all future years?
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29 October 2024 | 5 replies
If you are charging market rent, the rent you will lose for that 1 week of occupancy would afford you the ability to rent a comparable property on the market without the need for any of this kind of nonsense.
30 October 2024 | 94 replies
This is a very difficult business with dozens of moving parts that need to be managed and mitigated through expertise and ability.
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18 October 2024 | 4 replies
Who is using marketing companies for Seo and paid google ads?
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28 October 2024 | 23 replies
You can ALWAYS negotiate if both parties want to and with you having the option to back out of the deal you have the ability to leverage the seller into "wanting" to negotiate.
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3 November 2024 | 56 replies
I’m guessing due to the bank having the ability to freeze and see the facts, it wasn’t long. that certainly could have been a lot uglier without swift action!
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28 October 2024 | 12 replies
I have come to find out that every city,county and state have different rules/regulations when it comes to starting group homes.Research your local city zoning ordinance and reach out to your local county human services department for more information.If you have more specific questions you would like to ask feel free to reach out and I'll try to answer to the best of my ability.
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29 October 2024 | 6 replies
If you set up a "checkbook LLC" for your SDIRA, then I believe (check first with your custodian and/or attorney) that you would be able to invest directly as the manager of your LLC (using the LLC's account), without going through your custodian.On the other hand, that ability to quickly invest can be a double edged sword, since I think the delay can be a good thing (it forces me to think more carefully about the syndication and take the time to make sure it's a good investment for my SDIRA).
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26 October 2024 | 7 replies
Most loan packages include something you sign that says that you will cooperate with them to correct any technical errors like this and I believe it also includes the ability for them to sign for you if you don't but obviously they prefer to have clean paperwork where you have signed it.
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30 October 2024 | 35 replies
It goes deeper than that.NYC Liberal policies, including strong tenant protections, increases the risk of failure so much that the risk far outweighs the rewards.Financial ruin is just around the corner for the small Mom and Pop Property Investor that it doesn't make sense for them.The Tenants will have free Attorneys that are bent on delaying eviction cases so long that it stretches into years while Mom and Pop suffer from lack of rental income and still have to pay all the bills and do the management.Additionally, the increase in homeless living rough in the streets due to Sanctuary laws causing a lack of shelter beds, then evicting shelter residents after 30 days creating more homelessness, policies that tie up the Police's ability to arrest perpetrators, etc. only causes Mom and Pop to sell out at large discounts to larger Landlords who are capable to use Economies of Scale to eek out a profit.These larger Landlords will eventually turn a much higher profit as the pendulum will eventually swing towards the middle when the NYC Voting population eventually realizes that it's not a conspiracy of the Rich that's causing the Wealth Gap to increase.It's the same liberal laws that encourage people to become lifelong tenants, small Entrepreneurs (including Property Owners and small Mom and Pop Businesses) to be destroyed, and Rents to rise astronomically as housing becomes scarer even when the population declines by as much as 7% in the last several years.