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22 October 2024 | 12 replies
Most tax professionals do not advise their clients to utilize this approach and it may raise concerns under IRS examination.
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23 October 2024 | 7 replies
@Pat Arneson I agree with Mitch, to provide protection and trust from your PML, you need to have his/her funds go to the title company and in escrow prior to closing (instead of coming into your bank account).
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17 October 2024 | 4 replies
The buyer requested a transfer from his job to the city where the house is but now the job wants him to start work next week, I told him we can probably let him and his family occupy the property prior to the closing date.
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22 October 2024 | 4 replies
@Sean Hoglund Assuming the prior years tax value is lower than your purchase price as in your example, you want to file your ATI Exemption before Jan 31st following your closing date at your county's Assessors office.
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23 October 2024 | 7 replies
Then we also look at background checks, and criminal history, and request a prior rental reference.You should not charge for a pet that is considered a support or service animal.
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23 October 2024 | 13 replies
Prior comment of getting 15% in these investments - honestly I don’t see it because of the burden of the overhead to deal with small dollar investors.We started our fund At $500 and quickly bumped it up to now it’s $5,000 because of the costs of dealing with these small dollar investors was to excessive.
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24 October 2024 | 11 replies
On the other hand, the gentleman that we had to quit using prior to due to his underwriting changing got some new products and reached out to us and we have closed a number of transactions through him and if his product is not what fits what we’re looking for he is understanding and does not go off on us.
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22 October 2024 | 2 replies
@Alexander F PollockYou may lose a tax benefit of a stepped up basis for capital gains purposes transerring interest away from her parents.Also consider conducting a judgment searches on all parties to the transaction to confirm there will be no title problems for would come up when the LLC sells in the future because you will not have title insurance to cover prior owner issues.
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23 October 2024 | 3 replies
You mention market appreciation is good for a $100k home - throw away the last four years and what was the appreciation from 2012-2019 - that is what you should be looking at.I saw this with people in shenandoah va raving about how appreciation is awsome etc (during covid) - of course it was everywhere was appreciating, but now that we are back to a more normal economy -- I would not look at the past few years appreciation and look back to prior to see if it truly is an appreciating area.