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6 June 2023 | 13 replies
Mobile homes can be awesome cashflow, but the financing will usually require some outside the box thinking.
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8 October 2008 | 5 replies
For reference, I used Schedule 40 to the valve boxes, then poly to the heads. 1" for rotors, 3/4" for sprays and the soakers in the gardens.
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28 January 2014 | 6 replies
I think the risk with those is that your one tenant may go belly up (think about all the big box stores that no longer exist) and leave you holding a purpose built building that has little value.
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2 February 2014 | 4 replies
Also you might need an additional electrical meter/box for the 'common' areas.
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8 February 2022 | 35 replies
Single family investment occupancy loans have a min 15% down payment per the Conventional guidelines (some lenders and banks may require 20% or 25%), and investment occupancy rates still tend to be under 5% for most scenarios so if your situation does not fit the second home box, the investment loan may not be too much of a stretch.
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21 January 2024 | 43 replies
And just like with the others above there are some good deductions you should be taking advantage of here as well.S-CorpW2 income – that’s easy, you probably understood that your W2 income can be added BACKK-1 income (box 1 & 2) – also pretty self-explanatory, but just in case, it’s added BACKAmortization/Casualty Loss – Added BACKDepreciation 1120s (line 14 & 15) – Added BackHowever….Mortgage Notes, bonds payable in less than 1 year (Schedule L, line 17)- this is SUBTRACTED from your incomeMeals & Entertainment (Schedule M1, Line 3b) – SUBTRACTED from your incomeNon re-occurring Other Income (1120s line 5) – SUBTRACTED from your incomePartnershipsW2, K1 (box 1,2, & 4), Depreciation, Amortization/Casualty Loss – all added BACKNon re-occurring Other Income, Meals and Entertainment, Mortgage Notes payable in less than 1 year, AND Ordinary income from Other (1065 line 4) – all SUBTRACTED from your income*WHEW* What a lot of information and we could probably spend ENDLESS amounts of time on this subject.
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11 May 2014 | 16 replies
Simply click the box in the upper right corner of the post!
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15 May 2014 | 11 replies
Simply click the box in the upper right corner of the post!
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11 May 2014 | 9 replies
Simply click the box in the upper right corner of the post!
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13 May 2014 | 17 replies
Simply click the box in the upper right corner of the post!