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11 July 2020 | 5 replies
They can only do what both sides agree to and do NOT provide advice even if they have lawyers on staff.I guess my one issue is - Does the escrow officer have experience with comm (ie income-producing) properties?
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13 July 2020 | 22 replies
I assume you can produce receipts for the water mitigation and drywall replacement.
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13 July 2020 | 2 replies
I'm a rental scenario you get to take depreciation on the building, taking a small slice each year.If you start buying rentals and they produce losses, unless they qualify to be grouped with your retail activity, likely they'll be considered passive losses that you''ll be unable to use against your active retail income.In the end if you payed that much in tax, likely you made a respectable chunk of money (assuming all your expenses were correctly picked up), and the tax just comes due.
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13 July 2020 | 1 reply
“If we have a show that’s going to be a huge hit, you pitch to Netflix or HBO,” a famous producer told New York magazine.
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6 August 2020 | 14 replies
We all need to take responsibility by not feeding the misinformation machine, well-intentioned or otherwise.You are correct that a direct lending arrangement will not produce UDFI, but will the net returns to the IRA be as good as a leveraged investment?
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15 July 2020 | 8 replies
I can produce my LLC & EIN but won’t show much Financial movement besides expenses for home repair on another property I have.
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22 July 2020 | 7 replies
Which may produce a more favorable result than the DMSH...it's fact specific.Agree with Carl, it's probably best to work with your CPA, or get one if you have the economies of scale.
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31 January 2021 | 7 replies
@Christian Johnston I also have to add, you closed on that property 30 days ago, and you already have all you unit's rented, your AirBnB set up and producing that income already.
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12 September 2020 | 6 replies
I think the RE space is ripe for technical innovation, sometimes it takes a while to find product market fit.
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15 July 2020 | 15 replies
If they are income producing assets, you are right.