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29 October 2022 | 8 replies
You are giving the exclusive right to buy to your TB but not actually selling.
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30 December 2020 | 5 replies
As for solid deals yeah, I can help there, I have 0 problem getting 1% deals here in MN. 1 catch, no tire kickers, I only and exclusively work with action ready persons, and there is a process I go thru for accepting on a new client (sorry, I just don't have time to help everyone, fyi before anyone pm's me).
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27 May 2022 | 2 replies
I've read through https://www.biggerpockets.com/... and looking for help.I'm looking to consult with a CPA about the section 121 exclusion of the tax code, and understand the tax implications of collecting rent, expensing property improvements, depreciating value, etc.Any recommendations?
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30 January 2023 | 26 replies
There are special rules for employing your children. 0% tax for their standard deduction, %0 for pre-tax exclusions (e.g., 401(k)), no FICA, etc.
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17 February 2016 | 18 replies
I am using and am now actually affiliated with a Company Called PayClix For online rent payments fir your renters or lot rents .You can check them out on line .They have an Exclusive Accept or Reject Technology So you are in total control of the Payments You can Reject a Partial Payment so you are not stuck for 30 days or have to deal with 3 day notices or start Evictions .They can Do Pet Fees ,Security Deposits ,Pay any Service technicians ,Golf memberships ETC.They connect to your Existing Accounting system for a seamless integration.And are in the Process of building a Module Specifically for Mobile Home Parks .I have Managed Mobile Home Parks for years and Am still woking with a Gentleman who buys and sells them .
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26 August 2022 | 9 replies
For many (myself included), it's because of the natural tail winds you mention.Many people think of these things as binary choices, as if one is exclusive of the other.
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6 February 2023 | 12 replies
The Premises shall be used and occupied by Resident(s) and immediate family only, consisting of the residents named above exclusively, as a private single family dwelling, and no part of the Premises shall be used at any time during the term of this Agreement by Resident(s) for the purpose of carrying on any business, profession, or trade of any kind, or for any purpose other than as a private single family dwelling.
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10 February 2023 | 1 reply
Here are some tips to mitigate capital gains on real estate sales:Use the Primary Residence Exclusion: If you have lived in the property as your primary residence for at least 2 of the past 5 years, you may be eligible to exclude up to $250,000 ($500,000 for married couples filing jointly) of the capital gains from your taxable income.Consider a 1031 Exchange: A 1031 exchange allows you to defer capital gains taxes by investing the sale proceeds into a similar property.Make Capital Improvements: Upgrades or improvements made to the property can increase the tax basis and reduce the capital gains.Time Your Sale: Timing the sale of your property during a period of low home values can reduce the amount of capital gains subject to tax.Donate a Portion of the Property: Donating a portion of the property to a qualified charity can reduce the amount of capital gains subject to tax.Seek Professional Advice: Consult a tax professional or financial advisor for personalized guidance on minimizing capital gains taxes.Note: Tax laws are subject to change and can vary depending on the jurisdiction and specific circumstances.
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10 February 2023 | 5 replies
Currently we invest exclusively in Griffin.
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2 January 2023 | 7 replies
I want a property manager working exclusively with my company.