
16 August 2020 | 7 replies
They are my first brokerage and I've been with them since May 2020 as an independent agent.

13 August 2020 | 2 replies
This is because after months of reading book after book, listening to endless podcasts and audiobooks, I had finally met someone who had escaped the rat race, and gained financial independence through diverse streams of income, a true every day millionaire.

4 September 2020 | 13 replies
Always better to have the seller to agree on giving a credit for the average of 3 independent quotes.

14 August 2020 | 6 replies
Some evidence I was planning to submit and talk to for the hearing are:- Independent appraisals that were certified by the State of Ohio were conducted at the beginning of 2018 support this Market Value as $218,400.- Comparable Property Values for similar quadruplexes that have sold between 2018 - 2019 in the surrounding area are right within line of the previous Market Value of $218,400 and have remained consistent year-to-date. - We overpaid for this property with what we believed the long-term value of what the property should be valued at in 10-15 years rather than what it currently was.- We also conducted a home inspection when purchasing the property that lists interior and exterior photos, as well as a detailed list of everything that was currently degrading the value of the property, including several structural issues that would need to be addressed in order to get the property to market value that we were going to submit as evidence as well.If anyone has any experience or other thoughts that would help us reduce this tax increase we would love to hear an input.

15 August 2020 | 7 replies
So as joint tenants with a single reporting tax return and no divorce decree I think they'd have a tough time if ever audited explaining two 1099s and two entities for 1031 purposes.

13 August 2020 | 1 reply
Summarize the information on relief programs, and send it to your residents, in case some of them operate small businesses or work from home as sole proprietors or independent contractors.
14 August 2020 | 7 replies
You'll also need some kind of 24-hour coverage for emergency maintenance, legal and accounting support, and compliance (in most states, you have to be real estate broker - which makes you subject to State audits of your escrow accounts, etc - to manage for other people).If you prefer to focus instead on building your real estate portfolio, or other things, then you'll eventually need to hire a third party property management company; You may be able to self manage 15 doors but what happens when you get to 50, 75, 100 doors?

14 August 2020 | 0 replies
Friends looking to write and publish Real Estate related book on my own experience with FIRE (Financial Independent Retire Early).Any suggestions?

17 August 2020 | 16 replies
I've never been audited, but I have the piece of mind knowing I have the backup info to support my deductions.For trying to take losses on your return, first you need to figure out if you have any losses.

22 August 2020 | 8 replies
Sounds like they have had a request from higher up to audit heavily their retail loans on file.