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17 April 2024 | 4 replies
For example, let's say I am filing for 2023: 2022 -2023: Installment 1: $5,200 Paid Nov 2022Installment 2: $5,200 Paid April 20232023-2024Installment 1: $5,500 Paid Nov 2023Installment 2: $5,500 Paid April 2024Are you guys using $5200 + $5500 or $5500 + $5500?
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19 April 2024 | 2 replies
I always have the worry in the back of my mind given the typical property values and being such a litigious state in general.
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19 April 2024 | 10 replies
I'm not super familiar with Georgia landlord/tenant laws, but here we typically file eviction as soon as the tenant is one month behind on rent unless they have justification to be late.
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18 April 2024 | 9 replies
Hey @Vicente Hernandez - Can you provide some examples of what you would consider a "referral type"?
19 April 2024 | 10 replies
Schedule E typically caters to rental income and certain types of passive income, while Schedule C is tailored for reporting profits and losses from a business or self-employment.
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19 April 2024 | 2 replies
Any amount under $920k in your example would be taxable.
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19 April 2024 | 3 replies
As you mention 95757, Elk Grove I ran an example of a home for sale at 9850 Tarzo Way Elk Grove 95757 which recently had a price reduction and is now listed at $559,950.
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18 April 2024 | 3 replies
Their fee is 9.9% of the total amount we use (for this property we only need $30K so the fee would be about $3K, with typically 0% 12 month term, payments at 1%).Is this typical?
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19 April 2024 | 7 replies
Then tell the agent to run comps for ARV based on updates you do.And you also said you can't afford to lose $20-30k, the most seasoned flippers/investors lose money all the time, and ultimately that is part of your education costs, hopefully you don't make any costly mistakes, but you have to run your numbers well enough to make sure there is some 'ooops' fund to help shield you from that.As for comps, typically, appraisers want them to be in the same neighborhood, within 15% same square footage, same # beds/baths and age.
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18 April 2024 | 14 replies
Typically the larger homes are more expensive and therefore the barrier to entry is higher.