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12 August 2024 | 13 replies
Could excessive weight be 1 issue?
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13 August 2024 | 11 replies
It might be different if others were involved.Consider an umbrella insurance policy instead of the web of LLCs and corps.
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10 August 2024 | 4 replies
For the record, I have read:- Loopholes of Real Estate by Gary Sutton- Rich Dad Poor Dad by Robert Kiyosaki- Investing in Real Estate with Little to no Money Down by Brandon Turner- Tax Strategies for the Savvy Real Estate Investor by Han & McFarland- The Psychology of Money by Morgan Housel- The Book on Rental Property Investing (first book I've read here) by Brandon Turner- The Millionaire Real Estate Investor by Gary KellerReading has been my biggest source for knowledge and Brandon Turner has become one of my favorite authors now!
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11 August 2024 | 1 reply
So incurring the fewest expenses is the cheapest exit plan.There is no tax advantage to refinancing the property first - in fact, the refi will often force the taxing authority to reassess the value of the property - which would likely remove any tax grandfathering you may have - raising your taxes.There is no advantage to doing a two step process like you mention.Randy
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10 August 2024 | 8 replies
When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.
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11 August 2024 | 13 replies
And then there are others that are just pump and dump due diligence schemes.. now when i googled this company their web page came up .. but there is also complaints and a rip off report link.. so i would read all that stuff first.. take it with a grain of salt.then look deep within and ask yourself if with your business acumen and 2 to 3 years of tax returns.. and your fico and your cash reserves can you do a 1 plus deal.
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11 August 2024 | 4 replies
I had not signed any agreement authorizing management services for the property.
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10 August 2024 | 12 replies
You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.
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10 August 2024 | 4 replies
Fortunately, the condo has two showers. a plumber will out tomorrow, but I don’t understand how they find the source of the leak, if I can’t authorize for them to cut the dry wall on a condo that’s not mine. shouldn the owner downstairs call a plumber?
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13 August 2024 | 21 replies
However, W may not use H's unused exclusion to exclude gain in excess of her limitation amount.