19 November 2024 | 1 reply
Any suggestions on how you calculate the wholesale fees would be appreciated.
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27 November 2024 | 1 reply
You should call a couple local banks to discuss the types of investments you may be looking for.Alternatively, a great strategy for someone just starting out is House Hacking.
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19 November 2024 | 0 replies
To qualify, taxpayers must meet specific criteria demonstrating that they are real estate professionals who materially participate in their rental activities.How to Navigate the Rules:Step 1: Identify your real property trades or businessesHere is a list of activities that are considered to be a real property trade or business:RedevelopmentLeasingConversionConstructionReal property developmentReconstructionOperationRentalBrokerageManagementAcquisitionIf you participate in multiple of these activities, you may be able to combine them making it easier to meet the material participation hour requirements.Step 2: Demonstrate material participation in real property trades or businessesThere are seven tests to determine if you demonstrate material participation.
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14 November 2024 | 5 replies
Federa | Buy, Sell, & Rent Homes is the best site for real estate for my opinion.I found a lot of services there that I couldn't find anywhere else.
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20 November 2024 | 12 replies
We have CDs maturing at the end of the year that could fund a new primary residence.Should we:1) Sell it with no Capital Gains tax.
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12 November 2024 | 5 replies
They're saying the don't report "state level offenses".
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28 November 2024 | 2 replies
I'm wanting to get into Multi Family development in the Houston area and have started to look at potential projects.
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18 November 2024 | 8 replies
Instead, the commission is passed along to the investor in the form of increased equity.Most of the time, the REIT has liquidity as an option.
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19 November 2024 | 5 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.
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9 November 2024 | 5 replies
I think this would make sense in the long run for the rental property as it will extend the life of everything it touches like the Sink, faucets, showers, water heater, dishwasher, and Clothes washer while also providing clean drinking water in addition to the reverse osmosis drinking water system I already have installed.The main problem with this hardness level is that we get a major deposit buildup on all of these items, which will eventually clog up the faucets for tenants and lead to rusty shower enclosures that take forever to clean.In addition to this, it looks like we could likely have the salt added every couple of months by the property managers in addition to that it would allow for a quick inspection from them, and then also we would instead bill the cost of the service onto the ledger for the tenants.For reference, it does not look like the landlords in the area have water softeners.Thank you everyone for your input ahead of time.