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17 June 2024 | 5 replies
John If primary residency you can claim the tax exemption, but need to report rental income and pay taxes for that.
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16 June 2024 | 2 replies
@Kaycie GunnIf you want debt financing hard money or private money lenders will fund with typically 25% down paymentIf you are looking to syndicate and raise money from investors then that is a different animal and you will need to file an sec exemption to raise money and depending on your experience it could be moderately challenging to near impossible.
13 June 2024 | 2 replies
It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?
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15 June 2024 | 1 reply
I read online that a transfer from Parent to Child is exempt from real estate transfer tax.
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14 June 2024 | 30 replies
I actually meet several exemptions based on the type of lending I do, but here is one of them...
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15 June 2024 | 15 replies
East English Village- Along Detroit's East side bordered by one of the more affluent townships which is Grosse pointe University Detroit- Near the University of Detroit Jefferson Chalmers- Along the Riverfront New Center- Which is another midtown neighborhood which shares space with the Henry Ford Medical CampusMy group happens to be closing out projects in 4 of the 5 of these neighborhoods2.
15 June 2024 | 7 replies
But $5000 just to determine your tax liability and run scenarios on outcomes of a 1031 exchange and tell you if you qualify for a 121 exemption???
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13 June 2024 | 1 reply
Additionally, you may qualify for the owner occupant exemption if you live in a unit within a 4-plex (or smaller), where you would technically be exempt from the fair housing act, but this exemption may not extend to your individual state or municipality.
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16 June 2024 | 33 replies
I get the travel insurance though when we cruise and those are usually 20k plus trips I always get trip insurance and medical.. but like for this Montana 3 night next week its 600.00 bucks so if I dont go big deal..
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12 June 2024 | 4 replies
It bears mention that exorbitant medical expenses happen all too often in this country.