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11 July 2024 | 2 replies
.• Both sales either meet the Eligibility Test or qualify forpartial tax benefits, as described earlier.Also, if your sale of vacant land meets all these requirements, you must treat that sale and the sale of your homeas a single transaction for tax purposes
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12 July 2024 | 17 replies
Being flexible on day 1 tells the tenant that you are up for being flexible and many will continue to test that flexibility in many other ways...bad idea.
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11 July 2024 | 6 replies
And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.
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10 July 2024 | 11 replies
There maybe some misunderstanding, being a short term rental property owner that will be self managing the daily operations, I’ve learned that in this scenario I would need to count at least some of the time spent setting up the property to pass one of the material participation tests.
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12 July 2024 | 155 replies
Be sure to have good exit strategy for if/when that happens.A wise mentor told me once that until you've "Battle tested" a strategy for at least 5 years thru one full economic cycle, consider it still all good luck.
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11 July 2024 | 6 replies
FHA is 3.5% down but anything over a 2 unit requires a cash flow test, with rates where they are I hardly ever see anything in Chicago that would work.
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10 July 2024 | 6 replies
I always recommend to use local companies that provide the data or do It manually when you get startedThen, after you close your first deal, use other sources like national software companies to test it and see what works better.
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9 July 2024 | 1 reply
Has anyone here tried and tested the Reventure app for the real estate market analysis?
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12 July 2024 | 281 replies
He then explains that she hadn't paid her gas bill and when he called to have it turned on to test, it worked perfectly fine.
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10 July 2024 | 8 replies
At least in Missouri, and depending on size, you typically have to test your waste water monthly/quarterly, and then you have to file a form quarterly with DNR which reports the status of your treatment facility.