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30 July 2015 | 35 replies
I owned two homes there.. one I paid 180k for and one I paid 500k the first one 1985 second one 1989... talk about would a could a should a I coulda rented them both out for slight negative cash flow to start maybe 100 to 200 a month... after about 5 years they would have been positive.. and today they would be 5k a month positive per house...
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23 July 2015 | 1 reply
I always get cards thru bosslogo.com - they are under $30 for 500 cards, full color two sides, you supply the artwork (PDF from AI).
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23 July 2015 | 5 replies
Hi,I've got some clients looking at buying multi-family properties but a few of them don't have separate meters for power, in particular.
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20 February 2019 | 18 replies
Always give a rent discount instead of a security deposit discount (the SD is the main power you have over the tenant if things go south -- make sure they have enough skin in the game).
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28 May 2019 | 96 replies
Plan A is refi/rehab/rent, but I'm open to other options should they present themselves (if someone were to bid the full Foreclosure auction price I'd be ecstatic!).
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28 February 2019 | 6 replies
I did want to point out that I wouldn’t call it useless as you are spreading out an expense over multiple periods which can quite powerful in offsetting future returns and thus reducing taxable income.
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17 January 2019 | 8 replies
But if you scroll down a bit, you'll see that's incorrect due to an exception:IRC Sect. 1400-2(e)(1) In the case of any investment in a qualified opportunity fund only a portion of which consists of investments of gain to which an election under subsection (a) is in effect— (A) such investment shall be treated as 2 separate investments, consisting of— (i) one investment that only includes amounts to which the election under subsection (a) applies, and (ii) a separate investment consisting of other amounts, and (B) subsections (a), (b), and (c) shall only apply to the investment described in subparagraph (A)(i).The (B) subsection is the killer.
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3 December 2018 | 2 replies
For example, if you bought a generator that is kept at the rental property in case it loses power - it's a good business deduction.
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23 April 2019 | 4 replies
@Warren Johnson A Reverse 1031 Exchange can be a powerful tool if you have already found your replacement property but have not yet sold your relinquished property.
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9 May 2019 | 11 replies
But if it works for you man, more power to you!