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19 August 2020 | 5 replies
The first thing you want to do is define your goals in what you want out of your real estate investments.
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25 August 2020 | 8 replies
Per IRS Notice 2020-50, the IRS issued additional guidance regarding how one might qualify which might be helpful:The individual has a reduction in pay (or self-employment income) due to COVID-19 or has a job offer rescinded or start date for a job delayed due to COVID-19Due to COVID-19, the individual’s spouse or a member of the individual’s household (defined as someone who shares the individual’s principal residence) is quarantined, furloughed or laid off, has work hours reduced, is unable to work because of lack of childcare, has a reduction in pay (or self-employment income), or has a job offer rescinded or start date for a job delayedA business owned or operated by the individual’s spouse or a member of the individual’s household is forced to close or reduce hours due to COVID-19
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18 August 2020 | 9 replies
@Carl Fischer & @Brian Eastman am I understanding you guys correctly that if a person wants to take a property OUT of a Self Directed Account, it is much easier if it is sold INSIDE of that account, and THEN take that 'cash' out as a disbursement, since the 'cash' has a 'defined value', unlike a physical property that would need to be appraised etc....?
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20 August 2020 | 1 reply
I wondering if you are not taking into consideration of the 2 components of the loan payment A)Principal pay down (amortization) B) Interest.
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21 August 2020 | 6 replies
Two of the safe harbors for unforeseen circumstances under the -3 reg are The cessation of employment as a result of which the qualified individual is eligible for unemployment compensation (as defined in section 85(b)) AND A change in employment or self-employment status that results in the taxpayer's inability to pay housing costs and reasonable basic living expenses for the taxpayer's householdOP will want to make sure he meets both the ownership and use test for the property.
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27 August 2020 | 20 replies
I define myself as a wholesaler but I am also an investor and this works really well for me.
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22 August 2020 | 5 replies
@Ryan David I think it'll all work out since you have some equipment to offer, defines the reason why somebody should pick your rental over another
21 August 2020 | 8 replies
That said, the only components really left put all the breakers into the new panel, wiring smoke alarms, and some outside lighting.I just dont know what to do because, no permits were pulled for this.
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1 September 2020 | 23 replies
What I can tell you is that with any hiring of a VA the critical components for you will be interviewing, onboarding and your system of delegation.
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24 August 2020 | 14 replies
@Ashley BudyakMake sure you take the time to really define your end goal as to why you were getting involved in real estate.