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2 May 2021 | 3 replies
You don’t need an entity to use sec 179.However, there are income limitations, business use limitation on auto, and potentially deduction limitation on auto deductions based on type of auto.If sec 179 doesn’t work, you can also use bonus but it has its own threshold and requirements.
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16 May 2021 | 5 replies
.$450k may be a little high but if you are digging out the basement, replacing all mechanicals, and using higher-end finishes you may not be that far off, to be honest.
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2 July 2021 | 17 replies
Many times, you won't have the time to look deeper into the mechanical systems and seeing the inherent risks involved, so there are risks there as well.
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5 May 2021 | 9 replies
Cloud to name a few) Cash flow will still be tough, but you will get appreciation and peace of mind with all mechanicals etc are new and warranted.
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4 May 2021 | 3 replies
What's the best mechanism to achieve this?
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6 May 2021 | 6 replies
I somehow thought a qualified intermediary was just analogous to an account custodian who can take care of the mechanics but didn't really advise on particulars, but I suppose part of them ensuring all legal requirements are met is making sure we structure deal in accordance with the law.
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7 May 2021 | 4 replies
Also, your purchase agreement would get much more complicated, as you tried to carve out all potential liabilities that should be, to the extent possible, allocated to seller and set up a complimentary indemnity mechanism.
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29 March 2022 | 3 replies
So I have a good paying job right now in auto sales for Honda but I’ve always wanted to try real estate and my current workplace is going through management Changes which will result in some people getting moved around to other dealerships so I am strongly considering making my transition into Real estate if I have to learn new material for a different Auto Make anyway.
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14 March 2022 | 3 replies
A $300,000 loan at 3.75% is going to cost you $1,389.35 per month (just for principal and interest).Your taxes and insurance will vary based on your area, but I always figure about $200 more for taxes and insurance, which brings us to $1,589.35 per month PITI.Add all of your other monthly debts that would show up on your credit (credit card, auto loan, student loans), and then multiply that number by 2.
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14 March 2022 | 0 replies
Mechanical and mortgage liens along with unpaid tax liens but I have not seen anything beyond these during a title search.