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11 April 2024 | 6 replies
My tax records aren't showing a zoning and neither is my MLS Advantage.
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9 April 2024 | 12 replies
I am looking to speak with a tax professional regarding potential tax implications of selling our former primary residence that is currently being used as a long term rental.
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9 April 2024 | 13 replies
It runs background checks, credit reports, eviction/criminal reports, template leases, a Docusign-like program to sign lease agreements, rent collection, tax consolidation for EOY tax time, etc.
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11 April 2024 | 5 replies
Try looking at it a slightly different way with some quick math:$900,000 sales price$22,500 cost of purchase (appraisal, points, lender fees, title fees, etc - 2.5%)$90,000 cost of sale (10% commissions, closing costs, buyer credits)$64,000 carrying costs (6 months at 10%)$25,000 additional carrying costs (6 months taxes, utilities, HOA, misc)$100,000 rehab cost (the number used above)$68,500 profit = $530,000 max allowable offer.Some numbers may be a bit high, others may be a bit low.
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11 April 2024 | 6 replies
It sounds like you need to consult with Eviction attorney, CPA/ Tax professional, Great Realtor and Lender for this.
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9 April 2024 | 7 replies
Was thinking rent out our unit, do another another live in flip, live there for 2 years to avoid the tax hit, then sell it….Anyone have any creative suggestions?
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11 April 2024 | 10 replies
I know when you purchase a car they tell you not to do it at the same time as buying a house but I don't know if buying out a lease has different affects (since it's a less amount, I've already been making payments, etc.)Any advice would be helpful as this seems to be a situation I can not avoid!
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10 April 2024 | 5 replies
Rent: $4,250/ moMonthly expenses (including management): -$600Monthly Mortgage/ taxes/ insurance etc: -$2,550thanks
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12 April 2024 | 13 replies
They ended up losing a property worth around 1.5 million for back taxes of 25k.
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10 April 2024 | 7 replies
Avoid this at all costs.