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3 November 2016 | 3 replies
Create a visual of the score of the project and create a list of the things that are affected.
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8 February 2021 | 14 replies
The flooring vendor thinks the hallway floors need a 1/4 plywood underlay for the vinyl, which I think would be a disaster visually.
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16 April 2018 | 4 replies
The purchase of a membership interest in a multiple member LLC or a partnership interest in a general partnership or a limited partnership or shares of stock in a corporation would be considered a purchase of a "personal property" interest (non-real-property) and would not be considered to be "Like-Kind Property" for 1031 Exchange treatment.
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3 July 2014 | 12 replies
You can also use national tax lien association website resource section to look up the tax lien state map as that is visual as well.
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28 February 2007 | 5 replies
Rehabs will technically not qualify for 1031 exchange treatment because you are holding for sale and not holding for investment.
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2 July 2017 | 7 replies
Replacement properties acquired with all cash and no financing/debt make Reverse 1031 Exchange transactions much easier to administer; financed acquisitions can significantly complicate a Reverse 1031 Exchange.Vacant land held for rental, investment (capital appreciation) or business use absolutely qualifies for 1031 Exchange treatment.
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3 September 2017 | 9 replies
The 1031 Exchange Qualified Intermediary must have set up the 1031 Exchange transaction prior to the transaction closing in order to qualify for tax-deferred exchange treatment.In this case, as you pointed out, a primary residence will not qualify for 1031 Exchange treatment.
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27 June 2017 | 10 replies
It sounds like this has actually been a rental property, so it would qualify for 1031 Exchange treatment should you decide to sell and reinvest in another rental property.
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18 May 2023 | 28 replies
The milestone inspection consists of two phases: a visual examination of habitable and nonhabitable areas of the building in phase one and, if needed, a phase two inspection that may involve destructive or nondestructive testing to fully assess areas of structural distress.
16 November 2018 | 11 replies
Now, we only opened one account for the SLLC, not multiples - for all I understand and was advised by our asspro lawyer, the requirement is for clear accounting/bookkeeping (being able to account separately for each children Series-LLC and/or asset), not for a bank account for each of the childrens SLLC.I was not aware of any special treatment of SLLC from banks....but I did experience vastly different responses from bankers and loan officers based on the question asked and their domain of expertise (or ignorance) on various other subjects before...so, if you don't find the solution to your problem, change the person you ask or reformulate the question...might be surprised how many "professionals" know only their small yard for answers and tell you is not possible.