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20 January 2020 | 6 replies
Filing as single, unmarried.I believe after 3 yrs (2/5 rule) i may loose my 250 tax exemption, but do i retain some type or amount of tax exemption at the amount the property is worth at the time of the conversion to a rental, ie: Is my new tax base the value of the home at the time of conversion?
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21 January 2020 | 2 replies
Pure "Owner Financing" is when there is no mortgage (about one third of the properties in the US have no mortgage on them) and an attorney writes up a mortgage which then gets filed at the court house just like a bank would do.Here is an example where I took over the mortgage and now own the propertyhttps://www.biggerpockets.com/forums/311/topics/780022-3-ways-to-wealth-in-real-estate-cashflow-flip-hold-here-s-how
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6 March 2020 | 7 replies
Without seeing the filings I wouldn't know, but I do see a lot of newer investors buying foreclosures off of the subordinate liens, both second mortgages and, especially, HOA liens.
21 January 2020 | 6 replies
California real estate trust accounts as related to property management confuses a lot of people because of the word "trust" and how most people/institutions think of this word.Google California real estate trust to find all the information you need from California Department of Real Estate.http://www.dre.ca.gov/files/pd...http://www.dre.ca.gov/files/pd...When first establishing and opening these accounts, it may be helpful to print out this information and bring it with you to the banking institution.
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21 January 2020 | 3 replies
What does a tax filing with a CPA typically cost in this area?
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21 January 2020 | 2 replies
Do I need to file for a new EIN on the same LLC?
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21 January 2020 | 10 replies
It can be difficult figuring out how to navigate rent collections and then also to know how long to let things go before filing for eviction.
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23 January 2020 | 7 replies
I have seen them file the wrong type of probate, numerous times, that costs the people MORE money than it should have.
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20 January 2020 | 1 reply
The SEC attorney will handle setting up the LLCs, PPM, state filings (figure $250-500 per state you have investors from) and all other documents.
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26 January 2020 | 6 replies
You get the credit, Fannie Mae allow full appraisal of the system and the loan is NOT attached to your mortgage or home by lien - there is a UCC1 filed on the equipment only.Leases/PPAs (Power Purchase Agreements) allow the solar company to claim the tax credit.