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23 February 2021 | 1 reply
The account is designed to provide tax advantages, and participants must follow the same eligibility requirements and contribution limits.
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9 December 2020 | 2 replies
Here is a link to Freddie Mac's guideline on seller's concessions: https://guide.freddiemac.com/a...Here is what I am reading:Freddie Mac will purchase Mortgages that include interested party contributions under the terms of the Purchase Documents and this section.Interested parties include, but are not limited to:BuilderDeveloperSeller of the propertyReal estate agentInterested party contributions may include either financing and/or sales concessions.
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8 December 2020 | 1 reply
This rent goes directly to paying off your mortgage.Now, let's say the left over payment on the mortgage and all other expenses is $2,000/mo.Now you are in the same situation as renting, expect now this monthly payment is contributing to the equity in this $800,000 property that you acquired for $28,0000, not to mention that your tenant is also helping you contribute to this equity as well.
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19 December 2020 | 40 replies
“There has been plenty of discussion about how the extended period of low interest rates has contributed to inflation in asset prices,” Mr Fink wrote.
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10 December 2020 | 5 replies
Good morning,So far this year, I have contributed $12k to my 401k.
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10 December 2020 | 11 replies
BTW - this forum has been excellent and I want to thank everyone that contributes.
10 December 2020 | 4 replies
If you suggest New, LLC should he make a contribution from the Old, LLC to the New, LLC and if so what are the tax benefits?
11 December 2020 | 8 replies
I am being told that many “wealthy” investors do such a thing.Again, buying a property is not an expense no matter who is on the receiving end.If Company A purchased it for Company B, company A basically just gifted it to Company B and Company A will need to pay gift taxesIf Company A gave money to Company B, Company A either Loaned it or Contributed as Capital/EquityCompany A cannot expense it, because it isn't an expense.
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10 December 2020 | 1 reply
This is a great group of people, and I'm confident you'll find tons of support for all your questions as well as a place to learn and contribute your experience.I think your question about a business option is whether you should get an LLC or purchase properties under your name.
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29 December 2020 | 5 replies
Another thing to keep in mind on how much cap gain you contribute: if you are spending your $100K to buy an existing property, you also have to spend enough to double the basis in the building.