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28 October 2018 | 12 replies
I know all real estate is local so take it for what is worth.I am in Baltimore at courthouse auction currently and already heard from 2 associates that things are softening on prices, sales and rentals (all fronts).
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24 October 2018 | 4 replies
I'm not a tax advisor, but something else to consider with the loss from purchase date to sale date are your taxes should be in your favor.
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24 October 2018 | 1 reply
Now it is up for sale.
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25 October 2018 | 3 replies
Some context...I just recently took an entry level job in sales as a recent college grad.
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24 October 2018 | 9 replies
After two years you get the tax exemption and don't pay long term capital gains on a personal residence sale right?
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25 October 2018 | 2 replies
I never ran into that one when I was a loan officer, but my guess would be that since the LLC is the borrower (if you can find someone to lend to an LLC) as long as the title stays in the LLC there wouldn't be a violation of the Due on Sale clause.Oftentimes a lender that lends to an LLC will require the members to personally guarantee the loan.
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27 October 2018 | 6 replies
I buy rentals in small pockets of my homes town ( cash only and pay off asap )I still whole sale because I love it Just recently starting ( working with some folks ) on land developement My first vacation rental as my wifes family loved the area.
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25 October 2018 | 4 replies
For a flip, I'd imagine the profits would be distributed at sale.
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28 October 2018 | 5 replies
Ideally - you would like to have a chat with your advisor when you acquire and sale a property.There are a couple CPA's here on Biggerpockets who you can interview with and see if you would be a good fit.
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25 October 2018 | 7 replies
Personally, Since I started out as a loan officer and I've seen all kinds of reasons that sales don't close, it doesn't surprise me when it doesn't close and I just move on to the next transaction.