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10 July 2018 | 20 replies
General question - Do you take into account of the amount and size of businesses close by to your potential property rental investment?
1 July 2018 | 3 replies
I'm not an official investor just yet but I have studied a lot and I have been in sales for a few years.
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8 August 2018 | 30 replies
She is an agent who has sold a couple rentals to investors and also does accounting for a property management company.
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4 July 2018 | 2 replies
Will keep reading, studying, and ask the community questions I come across.
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2 July 2018 | 9 replies
You would get a EIN/Tax ID for the trust and use that to get a bank account opened for the trust to hold the funds and deploy capital as needed.
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1 July 2018 | 4 replies
I know sometimes the seller and buyer kind of splits the closing costs, but Does that 3% account for just my half or all of the closing costs (even seller costs).Because I plan on including multiple offers in my offer letter and one includes that I will pay for all closing costs.. is that already assumed that I should or usually how does it work, splitting the closing costs?
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2 July 2018 | 3 replies
As a general rule, don't ask Accountants legal questions and don't ask your lawyer tax questions.
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5 July 2018 | 6 replies
Hi group- I've been using a good general accountant for my taxes (personal and RE LLC) for the last few years, but she doesn't seem well versed in Real Estate.I own 2 single family homes in Lexington, and am now buying a vacation rental in FL.
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3 July 2018 | 8 replies
See: 1031 boot Now, I've taken a real estate accounting course in the past which covered this, but it was over 20 years ago.
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2 July 2018 | 3 replies
So you'll want to get an okey dokey from your accountant but your father is probably OK selling two of the duplexes to you and doing a 1031 exchange as long as you hold the properties for a minimum of two years.