4 April 2024 | 11 replies
For instance, what is your note worth, what is the house worth, monthly expenses including mortgage, and gross rents, ect.
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4 April 2024 | 32 replies
Meaning I have the potential to keep all of that (not including appreciation or renovations).
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4 April 2024 | 0 replies
Although it was in good condition, we earmarked some funds for further improvements, including repaving the driveway, installing a new privacy fence, and making select upgrades and repairs inside the units.One of the standout features of this property is its prime location near the vibrant downtown area of Bryan, with easy access to restaurants and shopping, which added considerable value to our investment thesis.Initially, our plan was to utilize the duplex for Airbnb rentals.
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4 April 2024 | 28 replies
They do have an option to do the research for you if you email them.
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4 April 2024 | 42 replies
They claim rent includes washer and fridge working properly.
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4 April 2024 | 14 replies
we bought at Tax Sale and at the trial to reclaim their property the wife, who had signed the Certified Mail Notice of the sale, swore under penalty of perjury, that she "never" told her husband of the Tax Sale.
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4 April 2024 | 8 replies
Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.
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31 March 2024 | 1 reply
You also correctly noted the carryover losses from previous years, which can be used to offset current year profits.Based on your figures, your net income on Schedule E would indeed be $2,000 ($2,000 profit - $0 carryover loss for one property, and -$4,000 loss + $2,000 carryover loss for the other).Your concern about not being able to claim losses due to higher income (> $150,000) likely relates to the passive activity loss rules.
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3 April 2024 | 0 replies
Understand factors like demand, supply, demographics, and economic trends.Diversification: Spread your investments across different types of properties, locations, and markets to reduce exposure to risk.Financial Analysis: Conduct comprehensive financial analysis, including assessing potential rental income, expenses, and cash flow projections.
3 April 2024 | 8 replies
If the transferor were a foreign taxpayer, and the Buyer or settlement officer, fail to withhold those funds, they could be held liable for the tax.FIRPTA withholding does include exceptions to the withholding rules.