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4 October 2024 | 15 replies
So, you should be able to see the exits from late 2023 and early 2024 on our home page by next week.
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4 October 2024 | 5 replies
If so, and you still recommend her, can you share her contact info?
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5 October 2024 | 3 replies
I guess I'm asking for something like a hard money lender, but I don't know if they lend on assets you already own.I guess you could put the paid off rental in a sandbox (trust, or corporation) so that the income from that rental is only counted against the debt from that rental then take basically any loan on it, but outside of that what options are there?
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4 October 2024 | 8 replies
If so, how much do you think the rehab will cost to get it rent ready.?
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4 October 2024 | 3 replies
Hi everyone, I have it as a goal next year to buy one investment property so I need to learn as much as possible about the process for doing so.
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4 October 2024 | 5 replies
Occasionally there are some that don't ask 1000 questions and are pretty self sufficient, just trying to maximize their time and network, so those may get some consideration.
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4 October 2024 | 17 replies
I have no proof of either of those things though so I'll have to do more digging.
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5 October 2024 | 2 replies
I'm trying to confirm my understanding of a less straight forward capital gains scenario than the one-time purchase and sale most deals involve.Essentially 100% interest in a condo was acquired over time, as each joint tenant passed away, leaving 1 sole tenant who gained full ownership by rights of survivorship.I've gotten differing opinions from different professionals and am trying to understand the calculation of the basis and the final capital gains tax that would be due myself so I can spot bad advice and understand deals.Assumptions:A condominiumNo depreciation has ever been taken by any owner.No 1031 exchange.No expenses or improvements.
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4 October 2024 | 8 replies
Hi Folks,Need some clarification on this complex topic.There is a lot of discussion on these tax nuances in BP forums, so I am happy to read any particular thread you can point me to.Basically I have a W2 (above income limits) and I am a General Partner in a multifamily deal.I have received 2 K1s from this deal (one as a GP) and another as an LP (since I put in some of my own money).Am I allowed to take the K1 losses from this deal to offset my W2 income?