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2 March 2022 | 8 replies
So, to be clear, the monthly cash flow the seller would get is coming from appreciation that occurred while they held the property?
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25 March 2022 | 17 replies
https://www.irs.gov/publicatio...Work-Related MoveYou meet the requirements for a partial exclusion if any of the following events occurred during your time of ownership and residence in the home.
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1 March 2022 | 8 replies
They will occur and I can tell you from personal experiences of having to cover using my other streams of income.
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3 March 2022 | 4 replies
I want to ensure I will have enough capital to fund my deal, and keep it operating if worst case scenarios occur.
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3 March 2022 | 0 replies
In order to expedite a successful Inspection Period upon execution of a Purchase Contract, Purchaser will be requesting at minimum the following documents in Seller’s possession:Closing: Closing shall occur 30 days after expiration of the Inspection Period.Commission: ..., realtor for the buyer shall be paid by the Purchaser per a separate agreement.Miscellaneous: This Letter of Intent is confidential and shall expire 20 days from the date it is executed by the Seller.
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1 April 2022 | 9 replies
If you feel the need to justify a price increase to your tenant, simply state your costs have gone up X% (property tax, insurance) and the rent has been increased to offset this increase you are occurring.
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6 March 2022 | 3 replies
Been looking in a few markets, and now that the crime map has been abolished from all the real estate sites, i began looking at other resources where I could find it, and the question kind of occured to me:What resources, or combination of resources, is best to use for looking at a neighborhood, from out of state?
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8 March 2022 | 0 replies
Here are some of the key changes that occurred as a result of the CARES Act and my comments and/or strategies for how to take advantage of these strategies.BONUS DEPRECIATIONPrior to the CARES Act: 100% Bonus depreciation if in service after September 2017.After the CARES Act: 100% Bonus Depreciation with a new 5 year carryback optionComments/Strategies: Review all section 179 and 179D energy tax deduction and cost segregation opportunities to generate possible refunds and an NOL gives they can be carried back.QUALIFIED IMPROVEMENT PROPERTY (QIP)Prior to the CARES Act: Not eligible for bonus depreciation or accelerated depreciation.After the CARES Act: QIP property now is depreciated over 15 years which allows improvements to be expensed immediately since they are now eligible for 100% bonus depreciation.Comments/Strategies: Since it's retroactive, CPAs and taxpayers must determine the best option to go back and claim this.
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9 March 2022 | 22 replies
My 'deals' were not so much at closing but occurred over time - sweat equity, self-manage, skilled trade network, rigorous tenant selection, simple/efficient work processes, slow growth.
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11 March 2022 | 16 replies
@Kate JonesI take pictures only if the tenant will be charged for some damage, or if some material change has occured (like walls painted).