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25 October 2018 | 7 replies
One of the reasons we can ask for 50% even though we have no 'cash in the deal' (all though we do have probably in excess of 500K of our own funds into our existing properties, and they know that) is that we do already have 25 units which we have had great success with, and the Investors see that.
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8 February 2019 | 66 replies
I swear I would walk these places just to see how excessive the author could be.
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25 November 2022 | 46 replies
Unless it was a complete gut job, taking a year to do rehab on a 1600 sq feet and 740 sq feet units seems excessive and NOT BELIEVE-ABLE to an experience investor.
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1 September 2022 | 3 replies
I know of several “adults” in their 50’s and 60’s that make in excess of $100k/year that still need gifts/allowances/stipends from their parents.
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20 May 2016 | 8 replies
The county holds the excess funds, but they can be released to prior owners or lienholders under certain circumstances.3.
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21 June 2011 | 16 replies
§1250 property recapture is the extent of the excess of depreciation over the depreciation that would have been available under the straight-line method.
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14 April 2012 | 5 replies
Until the profit you are generating is in excess of what you would consider to be your reasonable salary you will not derive any payroll/self-employment tax savings.
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7 September 2016 | 16 replies
The DIY entity websites are a waste of time and money (at least in my state.)Personally, I own my properties in my name, my tenants all know who I am (self-manage), and I carry an excess liability policy.
26 November 2019 | 11 replies
They could instead take the 300k and own a small slice of a higher quality 10 or 20 million property they might could not afford on their own.Additionally you can have excess funds from a 1031 where you took 1.2 million proceeds and only needed 1 million for one property so put 200k more into a DST.
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23 June 2020 | 6 replies
California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.