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7 March 2013 | 14 replies
Say they racked up 3,000 miles visiting and evaluating 100 properties and other various business purposes, it seems like those should be like the general expenses and be deductible without being tied to a property.What if to be silly we say they bought 2 properties on the same day and put them into service the same day, which one do you add the non-specific expenses, like mileage not driving to that property, to the basis of?
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23 November 2013 | 62 replies
Generally, all non-rental income is not subject to SE tax.If it is multi-member and no election is made it is taxed as a partnership.If it is single or multi-member and Form 2553 is filed it will be taxed as an S-corporation in which distributions may be made and not necessarily all income will be subject to SE tax.If it is single or multi-member and Form 8832 is filed it will be taxed as a C-corporation which is taxed and dividends will be taxed personally as well.
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17 February 2013 | 6 replies
For those wanting to use your management expertise or non-dollar contribution, you just need to be able to show the market value of that contribution, is it reasonable and is your expertise valued by your opinion or would a court agree with your valuation?
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20 February 2013 | 10 replies
Here are the Pros I have thought up so far to pitch: Interest earning aspectCash down up frontshort term - say 3-5 year balloon for example higher offering price compared to short sale offerclauses in contract pertaining to non payment etcAnyway, if you guys and gals can offer other ideas for a proposal to the seller that would be great.
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26 August 2013 | 10 replies
So, I may in the future.... but thought that it was odd.I guess the insurance companies are realizing that a large amount of student renters destroy property compared to the average non-student renter??
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11 November 2013 | 42 replies
I thought B Corps were some type of non-profit.
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11 December 2014 | 11 replies
Many I talked to have already dumped pools of non-performing stuff a few years back.
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3 February 2015 | 43 replies
You need to establish self directed Solo 401k, then rollover your SEP there and you will be able to use those funds to buy real estate or any other non-traditional investments.
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12 November 2018 | 32 replies
Thanks to the BiggerPockets community for all the invaluable advice -- it's helped me personally and professionally for many years.Here's my question: This year my wages at my non-real estate job increased to $190,000.
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15 April 2022 | 21 replies
Probably about the same or less than your average non-owner-occuped seller.