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20 November 2017 | 0 replies
I am not sure if this is the right forum for this, however I am really curious how many hours other realtors put in their work per week versus how many deals per month?
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21 November 2017 | 15 replies
It was supposed to close in next 48 hours.
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28 November 2017 | 6 replies
If you go with a submetering contract there is a standard 3 year contract, but you can also get out of the contract earlier with a buy-out fee of $1,500 during year one, $1,000 during year two, and $500 during year three.
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22 November 2017 | 4 replies
We have six: that condo and a home in SoCal; a home in AZ; and three mobiles in NorCal.
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11 December 2017 | 17 replies
If you can stand a duplex try it ( currently doing that in DC).2) Brick and mortar banks will beat Quicken, they just do not work the hours they do.
21 November 2017 | 16 replies
They also make sure they get their interest for the first three months.
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21 November 2017 | 5 replies
After hours (HOURS) on the phone with the IRS, we discovered our accountant, who we fired months ago, neglected to ever actually file them.
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30 November 2017 | 14 replies
I didn't read this to ensure its accuracy but it certainly looks to be from a credible source. https://www.irs.gov/pub/irs-utl/33-Real%20Estate%2...Cliff Notes:Real Estate Professional Qualification • Material participation in each specific rental • Material participation in separate Real Property Trade or business • 50% rule • 750 hours rule • 5% ownership ruleReal Estate Trade or Business Defined IRC Sec. 469(c)(7)(C) Any Real Property: • Development or redevelopment; • Construction or reconstruction; • Acquisition and/or conversion; • Rental Activity that is not a Passive Activity; • Property management; • Brokerage activities.Example 1: Laura owns 5% or more of a real estate sales office • Works full time as a broker • She owns 3 rental properties and: • She finds the tenants; • Approves tenants and leases; • Approves and oversees repairs & improvements • Net rental losses are $31,000 and her modified AGI is $160,000 before the losses • Deduct the full $31,000 in the current tax yearExample 2: John acquires old homes and contracts 3rd parties to renovate and ready for resale.
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25 November 2017 | 11 replies
My notice will provide tenants with 48 Hours after receipt of notice to communicate intent, but actually they have essentially about 42 days as the lease was already given 11/20/17, just I did not know at the time that, that would not hold.
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27 November 2017 | 4 replies
Usually when a condo goes up for sale on this street, it’s gone in days, sometimes hours.