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12 March 2018 | 8 replies
If you have 14 rentals in 14 separate LLCs, each property with its income and expenses is listed on Schedule E as if the LLCs did not exist.The Fix-and-Flip single-member, disregarded entity LLC is an active income business reported on Schedule C and your flip income is also subject to self-employment income taxes.
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13 March 2018 | 8 replies
It's not difficult at all to get M2M tenants, assess their vibe over the first 2 -3 months (are they paying on time, are they keeping the property clean, are they good tenants, etc...) and then offer them a lease (or asking them to leave) based on what you see.
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17 September 2019 | 17 replies
As your primary residence, you should purchase the best house you can afford with your kids education and extra curricular activities in mind.Problem with SF public schools is the lottery system, but that's a whole other discussion.
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16 May 2018 | 9 replies
Not being local, if you outbid these local guys, you likely over paid.....nothing is going to “slip through the cracks” in the active counties.
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12 March 2018 | 6 replies
BeasleyI am not an active investor in the Scranton area but I know Parasole PM is a solid company.
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12 March 2018 | 4 replies
I suggest at least have a few property managers give you their assessment of the marketability of any homes before you invest.Good luck!
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11 March 2018 | 3 replies
For agents that only do 1-2 transactions per year, it will take a long time to complete.In order to get the designation, an applicant must meet the following portfolio experience:-Three (3) or more qualifying activities totaling $30 million or more; or-Exactly ten (10) qualifying activities totaling $10 million or more; or-Twenty (20) qualifying activities with no dollar volume requirement.In general, designations don't increase business, they increase the level of competency.
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29 March 2018 | 6 replies
You need to get them for well below assessed value and you need to fix them up so the appraisal comes in at a value well beyond your purchase rehab and holding costs.
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7 April 2018 | 9 replies
There is a big difference between accounting manager and account manager; account manager doesn't imply someone with an accounting background.It's better to find someone overqualified than someone who doesn't know the difference between asset and liabilities and operating and finance activities.
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11 March 2018 | 2 replies
It can be done but requires well-drafted partnership agreement if your business activity rises to the level of partnership.