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20 July 2020 | 7 replies
Make it clear to her that if she uses the private road, she's responsible for 1/7th of the costs to maintain it (assuming lot 1 also contributes, if not then 1/6th).If the public road isn't busy, I would have put the house off that instead as I wouldn't have to worry about maintaining a private road.
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21 July 2020 | 4 replies
Or Front porch dissolves and contributes their assets to STH in exchange for capitalization adjustments of membership.Either of these mean that going forward it would be 4 rather than 3.
21 July 2020 | 12 replies
Account Closed You can take the standard deduction, or calculate your itemized deductions on Schedule A - things like interest you paid on mortgage for your primary home (that you live in), property taxes also paid on your primary home, charitable contributions, medical expenses (over a certain amount), etc .
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21 July 2020 | 4 replies
With candidate #1 would you simply sign him but leave his GF off the lease as she does not financially contribute at this time?
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13 November 2020 | 215 replies
But now I realize that you are in that category of the successful and experienced and are here to benefit the group with your contributions.
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31 July 2020 | 16 replies
In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.
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23 July 2020 | 24 replies
Move funds between your bank account and the LLC’s as owner draws or contributions to the LLC — there is no tax for doing that (so it too frequently it’s been said is bad too sometime).
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23 July 2020 | 8 replies
There are people I want to thank but maybe I'm expected not to because it's not contributing to instructive content.
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26 January 2021 | 4 replies
Quick reminder on multi-families: There’s a 3% borrower contribution requirement and dependent upon the findings they may need 3-6 months reserves.
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22 July 2020 | 0 replies
I will also be contributing a certain percentage of the cash needed.