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27 February 2025 | 0 replies
He will lump "painting" and "flower beds" together and not provide receipts for the actual materials that were allegedly used.
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19 February 2025 | 3 replies
After finding outlets and switches placed in bad spots and plumbers who wanted to argue about the use of Pex manifolds my subsequent projects I literally would pound all the electrical boxes and label what they were for and buy all the the materials myself.
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3 February 2025 | 7 replies
Be prepared that they will be promoting an optional mentorship program at the end.
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17 February 2025 | 9 replies
They specialized in concrete tilt up, but did a lot of time and materials work for a self made real estate tycoon who owned a lot of Federal Way.Along the way I got my CPA license and practiced in several differing sectors including doing some work with low income housing projects.As far as my start in RE, it was with buying my first personal SFR and later moving to a new residence.
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28 February 2025 | 33 replies
Quote from @Jinglei Shen: I was in a contract for a duplex, the appraisal come back materially lower than asking price, 14% cheaper, the seller made my agent to challenge the appraisal by submitting a set of comps at and beyond asking price in the same area, we ask my lender to revalue, the revaluation result came back, same price as initial appraisal.
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27 February 2025 | 9 replies
Gaining Real Estate Professional Status (REPS) under IRS rules allows rental losses to offset ordinary income if you materially participate, but it does not automatically make rental income subject to self-employment tax (SE tax).
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7 February 2025 | 49 replies
TBH these circles do speaking engagements as promotional opportunities, it’s a hand shake and “I’ll speak at yours if you speak at mine”.
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16 February 2025 | 20 replies
Quote from @Jaedon Stout: @Matt Ridenour yes the major Banks are the best especially for no doc funding and lending to start ups with great promotional rates.
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27 February 2025 | 19 replies
Take you pick.Most questions revolve around Material Participation, and tax filing compliance.
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25 February 2025 | 5 replies
@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.