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30 July 2024 | 23 replies
Well all of you tax pros--a question.
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1 August 2024 | 4 replies
There's mixed reviews on google and some reviews on yelp as well.
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2 August 2024 | 19 replies
I've used their services for a number of years with good results@Sean Walton, ringcentral does support receiving fax as well as sending.
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2 August 2024 | 6 replies
I’m a buy and hold as well but if it doesn’t make dollars…I also factor if the neighborhood is growing, is anything bringing appreciation.
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2 August 2024 | 11 replies
I'd recommend looking at larger deals and talk to lenders that work in the space in general. we do smaller tracts of infill land downtown but most of those are also better off by going vertical as well depending on the street they have frontage on.
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29 July 2024 | 12 replies
@William Powers Hi William - Based upon your comments above it sounds like you're doing very well in the Lake County market!
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1 August 2024 | 19 replies
I could theoretically run my own electrical as well, but I would never do that because there is nothing DIY for that, and there would be a serious risk to doing that - so I had a certified electrician run my electric lines.
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1 August 2024 | 11 replies
All of our MTRs are pretty baseline but do really well!
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3 August 2024 | 16 replies
Under the IRS rules, a person qualifies as a real estate professional if: (1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or businesses in which the taxpayer materially participates, AND.....(2) hours spent providing personal services in real property trades or businesses in which the taxpayer materially participates total more than 750 during the tax year.Like @Greg Scott and @Russell Brazil mentioned above, I don't believe that you would qualify as a REPS, but if you are going to try it, make sure you document it very well (i.e. with some kind of proof, like time cards, mileage forms, and/or receipts, etc.) so that just in case you do get audited, you at least have something to provide to the IRS agent.
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1 August 2024 | 4 replies
(Another option to the above scenario is to instead have the LLC lend my father money to complete the rehab so all the repairs are made in his name...but then the LLC would get no tax deductions on the rehab, plus my father would wind up paying interest on the loan and the LLC would incur taxable income on the interest of the loan as well.)I've said a lot here, but It would be greatly appreciated if anyone can give me advice on the best strategy to pursue...Thanks!