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28 September 2021 | 1 reply
@Alipate Moleni Yes, You would simply do a refinance on each property where you could take the cash out needed and reduce the rate below 5% on a 30 Year fixed.
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3 October 2021 | 9 replies
For example -Year 1 - $50k capital loss, no other capital gains/losses = $3k capital loss taken on return, $47k carried over to future year.Year 2- $50k capital gain, no other capital gains/losses - the $47k capital loss carry over from Year 1 reduces the capital gain to $3k to be taken on your tax return.Alternative Year 2 - no capital gains/losses - $3k capital loss taken on return, reduces the capital loss carryover to $43k to continue carrying over to future year.
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5 October 2021 | 5 replies
Fees have not reduced much as rates have increased a little in the past 14 days.
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23 October 2021 | 2 replies
They have the right and 99.99% of the time will reduce you credit limit.It is possible having the HELOC it could hurt the second homme purchase if the DTI is higher due to the HELOC monthly payment.
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30 September 2021 | 5 replies
Assuming the cost to rebuild from the foundation up (RC) is $150,000 the house depreciated by 1/3 ($150,000 minus $100,000 = $50,000 50,000/150,000 = 1/3).One of the problems or disadvantages of ACV is that on a partial loss the claim payment will be reduced by the percentage of depreciation.
2 October 2021 | 4 replies
I work in the oil and gas industry myself with up to two more years of work down here, and am considering this option to reduce cost of living and possibly as a long term investment.
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22 October 2021 | 10 replies
Sounds like the selling landlord was in stress and couldn’t deal with them anymore.
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6 October 2021 | 1 reply
Let me give you a taste of TRUE lead generation.0 dollars spent0 budgets managed or figured out0 seconds spend on the phone0 letters sent0 mailers purchased0 effort spent0 postage0 calls placed0 angry callers received0 bandit signs placed0 Voice mails sent0 texts sent0 bandit signs placed0 fingers lifted0 effort, 0 stress, 0 work put into this (other than setting up the system 5 years ago).I am still waiting for ANYONE to challenge me on a better lead generation method.4.
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18 October 2021 | 48 replies
For what it's worth, I wholeheartedly agree that the result would be "less money makes it to the landlords" and would reduce the effectiveness of the program.
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4 October 2021 | 3 replies
Let me know if you have any specific tax questions.Your profile mentions that you are a flipper - The goal for the CPA that you work with should be to maximize the deductions you have and see if there are ways to reduce to self-employment tax liability.Best of luck!