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14 January 2025 | 17 replies
Again, knowing it will be YEARS before being able to return.
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14 January 2025 | 9 replies
In my experience that's not actually the case at least in legitimate evictions for non-payment of rent or breach of another part of the lease.
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3 January 2025 | 12 replies
Our pet deposit is non-refundable which is what I generally would recommend (assuming your state and local laws allow that).
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2 January 2025 | 1 reply
Disallowed losses under wash sale rules increase the cost basis of replacement securities, potentially reducing future taxable gains.This post does not create a CPA-Client relationship.
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23 January 2025 | 8 replies
@Chinku Chinku the rich get rich by making their money work for them.They borrow at one rate, to invest in something that returns a higher rate - they profit on the difference.Only you can evaluate your risk tolerence though.
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28 January 2025 | 6 replies
If you go with the partnership route1) You need to manage the money going in and out of the business bank account.2) File a partnership return and be responsible for issuing K-1's3) make distributions to you and your partner for cash flow that you receiveYou will likely spend many hours on a nice gesture.I may want to consider instead to give a christmas gift or a bonus for early completion of projects.
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14 January 2025 | 10 replies
However if I do a BRRRR I can achieve infinite return by extracting all of my investment.
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31 December 2024 | 3 replies
By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.
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28 January 2025 | 14 replies
Their numbers did not always add up from the initial calls to the follow up, and I believe the returns they are offering are super aggressive.
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27 January 2025 | 8 replies
The bank does still ask for my tax returns each year and with each deal and my adjusted gross income last year was comparative to your stated cash flow from your rentals.