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14 March 2022 | 5 replies
Technically you don't need to put earnest money for a contract to be valid, you do however need to have option money, and that can be as little as $10.
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17 March 2022 | 6 replies
Some examples of properties with high asset reclassification include medical clinics and hospitals with technical machinery and labs, groceries stores with machinery, shopping centers with rain water drainage systems and large parking areas, industrial manufacturing facilities with advanced equipment, apartment buildings in suburban areas with swimming pools, golf courses, tennis courts and large parking areas for tenants.Here’s a list of the average amount of assets that can be reclassified into shorter asset life classes based upon the type of property.
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20 March 2022 | 8 replies
Then there are capital expenses, not technically an operating expense, but an expense that comes periodically none the less and failure to calculate that will lead to failures.You need to decide if this is going to be a hobby or a business and if a business, what model will you be operating under.
14 March 2022 | 2 replies
You can technically force them to do this - although you would have to take them to court.
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15 March 2022 | 1 reply
If you do a quitclaim deed to your LLC and the bank finds out, they can technically call up your loan.From what my lawyer told me, he recommended buying the property under your name.
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28 March 2022 | 4 replies
They are technically not real estate.
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15 March 2022 | 1 reply
If so, as long as you own it and have MLS access, technically yes -- but I would recommend against that.
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15 March 2022 | 0 replies
Although I’m technically a new investor I do have over 10years of experience in project management/ estimating commercial GC.
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16 March 2022 | 1 reply
Technically you are supposed to add to basis, but then you would be spending money on a cost segregation study to separate out.
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16 March 2022 | 1 reply
Also note that this technically is not a refinance of the rental property, because you never had financing secured against the rental property.