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8 June 2018 | 5 replies
You should then be able to file your LLC on your own with the state.Disclaimer: I am not an attorney and don't play one on the internet.
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7 June 2018 | 13 replies
Could anybody please explain to my these 1013 rules below with examples in numbers keeping in mind that my numbers are:purchased for 250 all cash dealsold for 600 - 30k for real estate agent = 570KTypes of Replacement Properties to Identify: Three properties without regard to their fair market value.Any number of properties as long as their aggregate fair market value at the end of the identification period does not exceed 200% of the aggregate fair market value of the relinquished property as of the transfer date.If the three-property rule and the 200% rule is exceeded, the exchange will not fail if the taxpayer purchases 95% of the aggregate fair market value of all identified properties.I do not understand exactly what "aggregate fair market value" means and especially the third point is a mystery... if you made it so far ;) and understood I misinterpreted the BOOT, could you please explain it to me with a clear explain in numbers?
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21 October 2018 | 14 replies
To be fair, I misunderstood the timing.
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11 December 2018 | 2 replies
There are so many factors that play into keep vs sell decisions, but ultimately your strategy should be based on your end game.
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7 June 2018 | 8 replies
It is primarily an income play although comps do play a part.
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8 June 2018 | 8 replies
It is the easiest and lowest cost as you just pay a company or yourself to ratio out the bill each month but certainly is not fair or accurate for obvious reasons.
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14 June 2018 | 14 replies
The general consensus was that for a 3/2 or 4/2 SFR home, 8k was fairly common while anything pushing 15-20k was not very common.The house I was interested in had a bid for 7500 but also 18k, so I'd be curious where the difference was.
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7 June 2018 | 2 replies
To quickly evaluate a a deal where there is no asking price, I usually look at capex required, adjust the property taxes (based on comparable sales) and perhaps play around with the vacancy and reserves.Is there anything I am missing?
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8 June 2018 | 7 replies
If something gains say 40% in 3 yrs but your play is long term buy and hold then that 40% doesn't do you much good.
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7 June 2018 | 5 replies
I cannot answer as to what the rules/laws are in Denver, but adjusting the rental rate based on number of occupants sounds like a violation of the Fair Housing Act.