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21 March 2024 | 3 replies
Evaluate Your Goals, Conduct Market Research, Diversify Your Investments, Financial Preparation, Network and Build Relationships, Risk Management and Seek Professional Guidance I hope it helps.
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22 March 2024 | 11 replies
However, it is crucial to conduct a thorough analysis of all expenses, including property management fees, repairs, and vacancies, to ensure the investment aligns with financial goals and risk tolerance.
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22 March 2024 | 21 replies
A growing population fuels demand for housing, presenting opportunities for property investors.Before making any investment decision, it's crucial to conduct thorough research, consult with real estate professionals, and consider your financial goals and risk tolerance.
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21 March 2024 | 8 replies
Conduct detailed market research to identify neighborhoods with strong rental demand and potential for income growth.
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20 March 2024 | 2 replies
To be considered a trade or business for the qualified business income deduction, all of these must be true:Your participation in the rental activity must be regular, continuous, and substantial.You conduct the rental activity with the expectation that you'll make a profit.The rental activity is conducted in the United States or Puerto Rico.Rental activities that are considered trades or businesses include:A real estate professional who materially participates in the activityA rental to a commonly owned trade or businessRental activities that aren't considered trades or businesses include:Rentals for less than fair market value (FMV)A lease agreement in which the tenant pays for real estate taxes, insurance, and maintenanceA vacation home that's rented out and also used as a personal home
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20 March 2024 | 5 replies
Not a CPA or tax professional.I’ve never audited every single line item of my S-Corp tax returns for over 18 years, and I’m truly curious why it really matters in one years instance, what corporate account was used to conduct business, as long as the financial information is accurate and correctly reported from said dedicated business account.This should be a separate issue from proper and legally correct business operations, ie a checking account with correct tax ID, no outside commingling of funds with self or other business entity.
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20 March 2024 | 4 replies
If the opportunity arises later on, treat it like any other tenant situation and conduct proper screening procedures.Best of luck to you!
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20 March 2024 | 24 replies
By creating an appealing listing, responding to inquiries efficiently, conducting effective showings, and choosing the right tenant, you’ll minimize vacancies and maximize your rental income.
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20 March 2024 | 12 replies
Here are some considerations and steps you can take to evaluate whether the brand new duplexes in Hickory could be a good investment:To invest in duplexes in Hickory, conduct thorough market research to understand local real estate dynamics, rental demand, vacancy rates, and projected growth.
19 March 2024 | 1 reply
She brought to my attention ongoing noise disturbances stemming from an improper flooring renovation conducted by the previous owner.