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5 January 2022 | 4 replies
Is this the normal process?
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3 January 2022 | 3 replies
The mortgage broker I was working with was receiving friction from one of the normal lenders they worked with, who stated that the subsequent clause was for deployed service members; however, there is no mention of what defines a particular future event.
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3 January 2022 | 17 replies
If he wants to just be a GC on the job then he could bill the job his normal rates but then he should give up the upside of the project.I have a 50/50 partner on my flips and BRRRs, I bring and/or find the money, handle admin and legal while he uses his construction company to do the rehabs.
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2 January 2022 | 2 replies
@Leon Meytin2)since i also have 15k in negative passive loss, and I am not a real estate professional and AGI is >150K, i can ONLY offset other passive investments, such as sale of stockSale of Apple Stock(or any other stock) is not considered a passive activity.You normally can't net passive and non-passive activities together.
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11 January 2022 | 38 replies
I am not proud of it, but I can't be bothered to fix it either - not normally.
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2 January 2022 | 2 replies
I didn't know if it was normal to use the contracts I'm used to or if people were having their lawyers write something up specific.
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3 January 2022 | 5 replies
It is encroaching past your frontage which if I processed a permit to install the service the City wouldn't normally allow, but as an existing condition there isn't any specific issue allowing it to remain.Generally it's not likely that any of your proposed improvements would be immediately adjacent to that PL anyway, so leaving it in place likely presents almost no impact to your proposed development.
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11 January 2022 | 3 replies
Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion
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3 January 2022 | 3 replies
I normally do all of the initial tenant correspondence via text or email, and for screening we switch to email since we will need attachments like pay stubs, W2's, etc.
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4 January 2022 | 4 replies
And in this hot market, it might not matter, but in a more normal market, if a house goes pending then back on market, every realtor starts questioning why, and diverts clients away.Disclosures are very important, and I align with you.