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8 May 2024 | 7 replies
Pm me and i can provide details.You link up with some of the NW suburbs people like @Mark Ainley, @Mark Faustrum, @Joe Mueller, or @Chris Davis.
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8 May 2024 | 7 replies
Cold call developers in your market as well as companies that provide infrastructure work.
6 May 2024 | 11 replies
Can lawyer provide you with an early termination agreement where they release you from liability?
4 May 2024 | 3 replies
Unsuccessful Property Search: Hours spent on unsuccessful property searches, where no purchase is made, do not qualify.On-Call Periods: Instances where you are on-call but do not actively perform work do not count towards material participation.Meeting Requirements:Maintain Detailed Records: Keep accurate time logs and records documenting your involvement in material participation activities, supported by evidence such as emails and calendar appointments.Seek Professional Guidance: Collaborate with a qualified tax professional to ensure compliance with IRS regulations and to optimize your material participation strategy.I hope this high-level overview gives you insight into what activities matter and ones that do not.
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7 May 2024 | 3 replies
Don't hesitate to seek advice from experienced investors or professionals in the field.
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8 May 2024 | 4 replies
In the meantime section 8 provided reliable income stream to assist with carry costs.
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6 May 2024 | 7 replies
It is important that you hire professionals who have experience working with foreign investors.
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8 May 2024 | 20 replies
This means that buying a home could not only provide you with stable housing but could also be a better long-term investment compared to renting.
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8 May 2024 | 14 replies
Sec. 1.167(a)-(11)(e)(1)(i) provides that property is considered to be placed in service when it is “first placed in a condition or state of readiness and availability for a specifically assigned function” (emphasis added).
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5 May 2024 | 6 replies
By identifying and classifying the various components of a property, it may be possible to accelerate the depreciation of certain items and potentially reduce your tax liability.It is important to note that the rules around cost segregation and depreciation can be complex, and it may be beneficial to work with a qualified tax professional to determine the best approach for your specific situation.