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10 September 2024 | 19 replies
Not sure is seller will accept an offer with these contingencies as it will cost time on the market if the contingencies are exercised.
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6 September 2024 | 0 replies
I was able to get a 3.75% interest rate in a time where rates were at 8%.
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7 September 2024 | 9 replies
I will be making another purchase by June of next year, so there is plenty of time to find my perfect market.
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5 September 2024 | 16 replies
*When is the last time you did a tenant placement like mine, AND how often PER week/month?
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12 September 2024 | 4 replies
I don't plan on buying for another 8 months or more and I don't want them to think I'm just wasting their time but I do want to start seeing which agents will understand my goals and see what kind of opportunities each will send.I'm also trying to figure out if there is a minimum number of units I would need to work with a PM and how to find one?
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8 September 2024 | 168 replies
This doesnt sound like a huge deal but like the saying goes small changes make big differences over time and this is how home loans are paid off within 5-8 years.
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12 September 2024 | 5 replies
Woody's business started at the time he purchased the 1st property or at the time he held it out for rent, because, in any event, the expenses in question here all occurred before the purchase date, i.e., before December 30If the earliest possible date investor was actively carrying on a trade or business was December 30, 2004, then any expenses incurred in that year but incurred “before the day on which the active trade or business” began, all the expenses incurred from January 1 through December 29, 2004--would be, by definition, start-up expenses whose deductibility, and possible amortization, is expressly dealt with by section 195 (Start up amortization).Court case for reference: Code Sec(s): 162; 195Docket: Dkt No. 30077-07.Date Issued: 04/30/2009Judge: Opinion by Gustafson, J.Tax Year(s): Year 2004.Disposition: Decision for Commissioner.
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12 September 2024 | 0 replies
Specifically I am having a hard time figuring out the background check and finger printing I need in order to submit my application.
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10 September 2024 | 29 replies
Additionally, I am well-versed in the tax benefits of using an S Corp to treat each property as inventory, which can save you on short-term gains.Don't waste your valuable time on bookkeeping when you could be focusing on other important aspects of your business.
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12 September 2024 | 0 replies
Investor Consequences: Restricted Cash Flow Growth: Investors may experience reduced income over time since rent increases are typically capped below market levels.