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20 October 2024 | 3 replies
I'm furious at this point, not only for the financial loss but also for hours upon hours of wasted time and running in circles.So here is the entire point of my post and ultimately my question; In clear language on our executed contract, I have included "X LLC reserves the right to file an affidavit of memorandum on the property."
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25 October 2024 | 33 replies
This is very important so see if you can stick with me here.A motivated seller is not someone that want to, needs to, or even has to sell their house (like foreclosure, tax liens, job loss etc. etc.).A motivated seller is anyone willing to sell their house below market value regardless of the reason why.So it is the willingness to sell below market value is what separates a seller from a motivated seller.Take someone in foreclosure.
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18 October 2024 | 3 replies
This is in FL and the lease says "We will not be liable for any damages, loss, or injury to persons or property occurring within your dwelling or upon the premises.
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18 October 2024 | 8 replies
If the business is showing a profit or loss, then that income will be adding or subtracted from the entire income.
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24 October 2024 | 55 replies
The $10,000 course helped 90% of the students feel more confident and they gained $80,000 in equity by the time the year was over while the $2000 course only helped 50% gain $40,000 in equity but limited the loss to only $2000 if they didn't do anything with it.
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13 October 2024 | 11 replies
The loss reported on your K1 is likely considered a passive loss unless you materially participate in the syndication.
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18 October 2024 | 3 replies
I saw a prior post where you mentioned having a STR in Texas.you want to have a conversation with your accountant to see if it can be treated as an active property instead of passive.If it can be, then there is a potential opportunity to offset the losses against other forms of income such as wages, interest and dividends.
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24 October 2024 | 10 replies
I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.
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13 October 2024 | 0 replies
I'm self employed, no other "job"I have STR insurance policies that show a line item for Loss of Business Income.
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18 October 2024 | 6 replies
@William Coet, as Jackson noted, there are too many variables to even begin.Two things to remember, any tax losses you utilize to offset incomes, will reduce basis making bigger tax bill in sale year.