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10 May 2024 | 15 replies
That w2 still does not limit you to things like the short term rental loophole for instance, which can help you offset those painful CA taxes.
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9 May 2024 | 5 replies
From what I understand Prince George's County for instance, the tax lien supersedes past mortgages, bills, etc.
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9 May 2024 | 28 replies
There isn't a special provision for "act of God" having no impact.For instance, if lightning strikes your house and you file a claim, it still counts as a claim and your insurance price could increase or eligibility for coverage could be affected.
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8 May 2024 | 9 replies
Have I just been lucky i these instances?
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8 May 2024 | 8 replies
Hello, I know this can be a very touchy subject due to fair housing laws but I just bought a property and one of the tenants wants to move to another floor and use RAFT, now I know I cannot deny them housing due to RAFT alone but they are applying because they told me they cannot come up with first last and security, I know RAFT will cover that but I am wondering what downsides are there for instance can RAFT enforce rent control or is it even more difficult to evict people who have applied.
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7 May 2024 | 8 replies
Here's a breakdown:Project Details:Property Cost: $50KRenovation Costs: $30KResale Price: $100KProfit: $20K ($100K – $50K – $30K)For instance, if your regular income is $50K, and you add the $20K from the house flipping, your total income becomes $70K.
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10 May 2024 | 116 replies
The way you affect your net worth in this instance doesn't matter (i.e. you borrow $80 and spend $20 in cash or you spend $100 in cash to buy a $100 asset has a net zero effect on your net worth).What matters is the price you pay versus the 'value'.
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7 May 2024 | 34 replies
For instance, you may include clauses that address what happens if the seller breaches the contract or fails to transfer the property's title after full payment is made.**7.
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6 May 2024 | 3 replies
Hi @Amy Pfaffman have you had any more instances of this happening lately?
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6 May 2024 | 10 replies
For illustration purposes perhaps that technique would be more accepted when you are a vendor mowing a lawn or clearing out junk as a one time engagement but as a property manager there are significantly more pitfalls and potential instances of liability exposure.