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22 April 2020 | 4 replies
The two options I have considered, are high yield online savings accounts (found some with 1.6%-2.3% APY) OR bank with an E*Trade account or something similar to double dip, and have my money in an account with higher interest returns and easy investing/trading options.
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30 April 2020 | 14 replies
Lavelle Law, Ltd. has long been able to connect with clients via teleconference and will continue to offer this service throughout the current pandemic.Cash transactions may be closed electronically via e-mail and electronic signature technology.
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8 April 2020 | 4 replies
Since it’s not my first property, I think I can deduct operating costs on Schedule E without worrying about “date placed in service” issue, but I also read it here on the forum that the related rehab cost should better be placed on line 19 (Other list) on Schedule E, otherwise, it may affect Debt-to-Income calculation when it comes to refinancing.
8 April 2020 | 2 replies
I use Sch E for my rental income properties.
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9 April 2020 | 2 replies
I agree, in just a short amount of time, the R/E market has come to almost a complete halt.
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16 April 2020 | 70 replies
Originally posted by @Lynnette E.
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10 April 2020 | 8 replies
@Ralph E FreemanIf you have established a Solo 401(k) with a reputable provider, they should be able to assist you with all of these very basic operational questions.If you have obtained a set of 401(k) plan documents with no meaningful support, then you should engage a CPA or attorney who is familiar with IRS rules and the operation of a self-directed retirement plan.
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9 April 2020 | 1 reply
When I speak of the E/E strategies, I'm referring to specifically how the money (your cash) enters and exits the deal.Every property will have varying final costs to the REI, depending on the strategy they use to enter the deal.
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14 April 2020 | 11 replies
. + G & E Finance- Private Lender/Dad; PP + Rehab (8% int. rate)