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6 May 2024 | 12 replies
The IRS section 121 allows you to move out and rent your house for Up To 3 years, After you have lived in it for at least 2 years (hence the “2 out of the last 5 years) and be exempt from any capital gains tax.
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6 May 2024 | 8 replies
I understand commercial brokers are not always allowed to invest within the markets they work.
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6 May 2024 | 10 replies
Most of the area it’s only allowed WHILE you are living in the unit as your primary home.
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6 May 2024 | 1 reply
Both options have merit: the standalone approach allows for independence and customization, while the duplex route offers potential rental income.
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6 May 2024 | 23 replies
I have spent more time following up with this company and their team than managing all my other properties.8- Their marketing material says they would buy the houses back if it’s not worth their expected appraisal amount9- Houses in Baltimore were sold to me as section 8 houses – they are now saying tenant is not paying 10- I have not received payment for the last house in Baltimore since April.
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6 May 2024 | 8 replies
If no response from the tenant within their legally allowed time, file in your local l/t court.
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4 May 2024 | 23 replies
You just need to pick your market and develop your core 4 team.
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6 May 2024 | 30 replies
Some won't allow you to collect interest, while others allow the landlord to collect the interest.Know what your law allows, then explain in the lease where you are keeping the funds and handling any interest.
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5 May 2024 | 6 replies
There is a very good chance you will never see a dime of it, but at least it will sit on their credit report and prevent them from scamming someone else or getting a loan.I'm not allowed to share who I use in the public forum, but you can contact me privately.
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5 May 2024 | 41 replies
Funny I'm a developer from columbus down here to make higher returns than we can make in columbus. we build multifamily for investors. maybe w can connect while I'm down here and I can give you some info on the ground up we do in columbus. we are looking at midrise condos and multifamily developments with T6 zoning. miami allows incredible density which allows you to make a lot of money and the new construction values are almost 3-4x what we get in columbus urban core.