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1 April 2013 | 28 replies
You need an investment analyst, at a managerial level, not just a stock broker, a CPA and a securities attorney, IMO.Lastly, I can tell you from experience that investors absolutely will not show everything to a broker, they may show enough to "qualify" and seeing interest income on a tax return doesn't specify the source, some investor could have other loans held or REITs that could tilt the scales in areas of concentrations of assets that a broker may never pick up, so if you hink you can, you can't.
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2 April 2013 | 15 replies
Labor: 180-hours (15hrs/wk, $80K median household income) = ($7,200)Labor includes reading BP(education), looking at properties, going to REI association meeting’s, talking to banks, agents, internet research(home, market analysis, comps, etc) Gas/maintenance on car: ($30/wk) = ($360) (tax write-off)RE License: ($1000 REC fees + 70 class/etc hrs @ $40/hr) = (3,800) (1,000 write-off)Association dues: (400) (tax write-off)Net loss: ($11,760) (minus tax deduction)$10,000 in labor or my time many do not account for in their profit margins.
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22 February 2014 | 10 replies
Best place on the internet!
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29 May 2014 | 16 replies
If you have internet explorer it may not work, for me, I have to use chrome.
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25 January 2016 | 103 replies
Too many people now depend on (or think they do) their internet reps and the commodification of their own sites.
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14 February 2014 | 8 replies
Even worse is if it's so cold that I do not get to even look or concentrate on the great features of the house because I am so cold all I can think about is that.
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26 February 2014 | 88 replies
Just showing that, for our portfolio, which is concentrated in better areas, theft is not a rampant problem.
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1 August 2017 | 21 replies
Now, you may use one and you may not go to the contract concentration center but you may well find that stealing copyrighted contracts won't be enforced.
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17 February 2014 | 31 replies
I can enrich myself with knowledge on the internet, with books, and discussing things on a blog such as BP.
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15 February 2014 | 3 replies
However, there are lots of deductions (expenses) that reduce the rental income and sometimes your overall taxable income resulting in a lower overall tax rate: mortgage interest, depreciation, water/sewer/internet bills if you pay them, property taxes, repairs/maintenance, property management...The is an extra benefit if you work in real estate for a living; it's not hard to read up on the details and criteria for that situation, but I don't know them off the top of my head, and I'm definitely NOT a tax professional.