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7 August 2017 | 2 replies
Does anyone have any experience buying smart-locks and using them to reduce lost keys as well as being able to unlock and lock your investment property remotely?
8 August 2017 | 4 replies
The main being that most mortgage balances are not reduced by the bank.
15 August 2017 | 6 replies
Current expenses are 100% / fully deducted in the year they are paid for which reduces the net income and so you pay less in taxes for the year.Your capital account starts off with the purchase of the property and you deduct 1/27th of that amount as depreciation each year which as above reduces net income and less taxes are paid.So if you do not expense the windows 100% in the current year, the amount you spend gets added to the capital account and deducted as depreciation over time reducing the taxes that need to be paid.
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7 December 2016 | 2 replies
In order for it to work for the seller, simply feel them out via friendly discussion about their life goals/plan/situation.Examples of seller situations: - The seller may need to pay off a large medical bill (make your monthly payments equal to the bill)- The seller may be retiring (suggest that your monthly payments would be better than a lump sum that earns a low interest rate sitting in the bank... and also reduced capital gains tax).- The seller may want to buy some "toys" ie. new car, vacation, etc.
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19 November 2016 | 10 replies
It all aligns and fits within the modular layout, improving the quality of space while reducing waste and effort in construction.Repeat-ability and ConsistencyWhen possible, minimize varying sizes/types of the same building component.
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23 November 2016 | 17 replies
If I decide not to split it, should I just get 1 meter since it’ll still reduce the overall bill and increase rent next time?
25 November 2016 | 12 replies
I figured having my license would allow me to get into properties I'm interested in purchasing at my convenience and will reduce my acquisition costs.
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28 December 2019 | 19 replies
This reduces the buyer pool--so in the past few years, may not have been as big of a concern, but with the slowing of the market and buyers having more properties to choose from, it could have a bigger impact now in terms of your home sitting on the market longer and/or selling for less.Frank
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30 March 2016 | 53 replies
And what the requirement of the loan program is.Can you reduce the monthly payment by switching to an adjustable rate mortgage?
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5 April 2016 | 22 replies
@Phillip Johnson I would add in that if your expenses can't decrease your rental income to zero, you can take a certain amount of depreciation that usually will reduce your income to zero.