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18 March 2024 | 10 replies
I mainly plan to flip and hold rentals, but I ll also be wholesaling whatever deals don't work for me or I can't close on.
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18 March 2024 | 4 replies
In order for you to do a 1031 exchange from that property you are buying it does have be a property you are holding for productive use in investment.
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18 March 2024 | 15 replies
The longer that you hold onto these in our area, the better chance that the city/state is going to pass another anti landlord law.The longer that you hold onto these, the longer that you're not able to get into those index funds or other stocks.
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18 March 2024 | 5 replies
This poses a challenge because one of the requirements for a 1031 exchange is that both the relinquished property (the property being sold) and the replacement property (the property being purchased) must be held for investment or used in a trade or business.If your client's mother purchased the land less than a year ago, it's unlikely that it would qualify as replacement property for a 1031 exchange because it hasn't been held for investment or used in a trade or business for a sufficient amount of time.However, there may be other options available to minimize the tax implications for your client and his mother:Hold the Property Longer: If your client's mother holds onto the land for a longer period of time and can demonstrate that it is held for investment purposes, it may become eligible for a 1031 exchange in the future.Consider Other Investment Properties: Your client could explore other investment properties that have been held for a longer period of time and would qualify as replacement property for a 1031 exchange.
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19 March 2024 | 12 replies
Are people seeing rents holding, increasing with rising cost of home ownership?
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18 March 2024 | 1 reply
Ive been investing for a few years now and have 3 properties which are STR's and all cash flow.I own all these properties under my LLC which is the holdings and operating.I have a bank account with Chase where all the money from these rentals is deposited which is under this same LLC and I am a single member.Now that I am getting ready to graduate college and take investing more serious what is the best structure for me?
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18 March 2024 | 7 replies
So, they waste your time arguing that their voucher qualifies them for a property when it does NOT.3) S8 caseworkers tell applicants NOT to pay a deposit or holding fee until property passes inspection - which can often take 2+ weeks to schedule.
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18 March 2024 | 10 replies
@Dave Fosterthe QI holds the funds, you or your attorney never get the funds.
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17 March 2024 | 13 replies
They live there for 12 months then move out and rinse and repeat until they can no longer can and then they will have to look at other options to continue purchasing but by then you'll be an expert.
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18 March 2024 | 2 replies
Investment Info:Single-family residence buy & hold investment.