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12 December 2018 | 5 replies
Meaning, how can I recognize principle payments as a credit against my Long Term Liability account while still capturing the line item as an expense on my P&L reports?
22 March 2019 | 6 replies
.)● Gain included = (Reinvested amount - basis increase) = 1M - 100,000= $900,000.If A also sells the investment in QO Fund in Dec 1 2031, 10 years later, he does not recognize any capital gain on the sale of his investment in QO fund.If A sells the investment before 10 years, basis in the investment is based on the time it is sold:Basis starts with Zero and increases in this order■ Held for 5 years - 10% of gain reinvested■ Held for 7 years - 15% of gain reinvestedBasis at 5 years = 100,000Basis at 7 years = 150,000Thus gain/loss is determined based on the FMV of the investment less the basis at the date of sale.
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28 March 2019 | 6 replies
Department of Housing and Urban Development (“HUD”) about its views on a landlord’s potential liability and HUD pointed to its rules, arguing that the court should recognize limited claims against landlords arising from tenant-on-tenant racial harassment.The court examined the FHA and found that the law supported imposing a duty on landlords to prevent tenant-on-tenant discrimination.
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25 July 2016 | 11 replies
Well, .com is always your best bet because it's the most widely recognized.
5 July 2015 | 3 replies
Hello,I am looking at turn-key investments out of state and was wondering about if it would make it more difficult to get, when the time comes, to be a Real-estate professional, recognized by the IRS.I understand there is the 750 hours/year + > 51% requirements, so theoretically I could be investing anywhere, but obviously not being in the area means I must rely on property management and others to do some of the work, so does it make it more difficult to get when investing remotely (in a way that the IRS will accept, of course)?
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8 February 2019 | 66 replies
If your focus is on learning the pitfalls and how to avoid them - or at least how to get fired up about the possibility - then I would recommend ignoring those issues and reading this book.I don't necessarily want to practice everything he preaches - boarding up windows and using 2x4's for legs on a kitchen island... but overall, this is a very practical set of recommendations to providing solid affordable housing to a demographic that can be difficult - recognizing those difficulties this author has come up with a number of strategies to reduce problems and focus on profit, while meeting all section 8 program requirements.
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4 August 2022 | 14 replies
@Nick HundleyHello Nick,I am in the Lafayette area and recognized your last name.
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24 April 2023 | 4 replies
Of course you have to be responsible, trust worthy and a little smart, but a hard lender should recognize a great deal or a bad deal when they see one.
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19 April 2022 | 4 replies
Some title companies recognize what happens and have a procedure to deal with things like that.2.
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3 August 2022 | 27 replies
The HOA does allow STRs as of now, but I recognize that can change overnight, which would not only suck, but likely affect my ability to re-sell the property at the prices homes are selling at currently (basically limits you to primary home buyers instead of investors).