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27 March 2015 | 4 replies
Why not ask the owner to call his bank's loss mitigation dept and see if they would do a short sale?
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24 March 2015 | 2 replies
But to me it isn't obvious whether the existing appliances can be depreciated on my taxes since they weren't explicitly purchased (i.e. they weren't itemized on the purchase contract) by me when purchasing the bldg but they were included when I took ownership.And if the answer is yes the existing appliances can be depreciated then does that also apply to other non-appliance items such as the bldg roof or the 3 furnaces in the basement that are used by the first floor storefronts?
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27 March 2015 | 3 replies
If it is called a security deposit, we can use it for any number of scenarios upon move-out, such as unpaid rent, unpaid utilities, unpaid fees, missing items and damages.We set a base amount for each unit, depending on the size and type of unit.
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27 March 2015 | 8 replies
Think outside the box.Put the 2 rental properties (you want) into a company and call them a "ABC Business LLC"Leave the 3rd in your name.Sell the 3rd property for what you paid or for a slight loss so you don't yield a profit.
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27 March 2015 | 4 replies
Once you know those two items you can determine how much you can pay for it.
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29 March 2015 | 2 replies
It might be worth offering to take care of any remaining items in the house after they've cleared out the items of value they want from the house.
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29 March 2015 | 2 replies
Now as market has improved the seller is willing to break even or take a small loss to get out of it.
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29 March 2015 | 17 replies
You will have extra expenses on things like taxes and other items you did not expect but as you add properties those costs will drop per property as they tend to be static.
11 January 2020 | 14 replies
During a market correction, most asset classes will experience a loss of both, while mobile home parks will not, because of the strong cash flow.
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28 March 2015 | 6 replies
The $142 counts the loss of NOI @ $1k per month for the year.