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4 December 2017 | 32 replies
A 3-day cancellation notice, informing you of your right to cancel your contract if you signed the agreement in your home, or at a place other than at the contractor's office or business;All warranties on the owner's rights; A statement warning, in ten point bold type or larger, directly above the space provided for the signature, the following: DO NOT SIGN THIS CONTRACT IF THERE ARE ANY BLANK SPACES.Whether any lien or security interest is on the residence as a consequence of the contract.An enumeration of such other matters upon which the owner and contractor may lawfully agree.Any other provisions otherwise required by the applicable laws of the Commonwealth.A clause informing the owner about: any and all necessary construction-related permitsthat the contractor must obtain such permits.that owners who secure their own building permits or deal with unregistered contractors will not be eligible to access the Guaranty Fund.Acceleration of payment: No contract can contain an acceleration clause that would require any part or all of the balance not yet due to be declared due and payable because the contractor deems himself to be insecure.
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11 November 2017 | 2 replies
An expert cos seg provider will do a cost seg study taking the depreciable basis of the purchase, accelerate the depreciation of 5 and 15 year property, then write off everything you replace in the rehab, and do another cost seg upon completion, doubling your tax savings.In terms of bridge -loans for this type of project, you may have to submit to high interest rates in order to make it happen.
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6 November 2017 | 8 replies
Than let the owner finance (informally) as before but don't transfer the deed, but have the owner give you a deed to be recorded when ever in the future or when you sell it, the deed can be prepared so that when you sell, you just add the buyers name to the deed and you take your assignment or equity profit.In the future you can prepare a management agreement and send it to the lender (seller sends it) that gives you the rights t do what ever you want until you are ready to pull the trigger.Usually the lender will not accelerate the mortgage if payments are made.
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16 November 2017 | 28 replies
Collecting rent to cover expenses and saving what you would have spent on rent is a great way to accelerate your real estate.
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16 November 2017 | 0 replies
1) Previously 50% utilization on each credit card (not aggregate of all cards) is now 30% to have an impact on score2) They now look at "payment acceleration" meaning paying the minimums every month is looked down upon..
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20 November 2017 | 10 replies
Take for example accelerated depreciation (cost segregation).
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20 November 2017 | 12 replies
Wouldn't that change the sale into a cash deal, thereby accelerating the closing and removing the financing contingency?
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5 November 2020 | 6 replies
My name is Daniel Green and I am a 16-year-old who plans to use investing in buy and hold real estate to not only put me on the path to financial freedom but to accelerate it.
21 November 2017 | 11 replies
A few of the most common ways to limit tax exposure are depreciation (mortgage interest, property tax, physical property over a span of 27.5 years, major CapEx that can be depreciated at an accelerated rate, etc.), 1031 exchange and using a self-directed IRA (or solo 401k) to invest in properties.
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23 November 2017 | 8 replies
@Paul Yousef I f you invest in a property, one great way to save on taxes is through accelerated depreciation (cost segregation) on that property.