13 October 2018 | 1 reply
Also these laws and exemptions are subject to change depending on who is in power.
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3 December 2018 | 27 replies
I pay Pay Roll of anywhere between $1,200 - $1,500 depending on size. plus about 3% of GCI.
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12 November 2018 | 11 replies
Depending on your jurisdiction all you need to do is tell them you are not approved for S8.
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15 October 2018 | 35 replies
These are guys who couldn't get a date with even a moderately interesting girl if their life depended on it, guys who had absolutely NO game, especially guys who said TOTALLY ignorant things about sex that made it obvious they'd never, ever had a memorable night with a woman who actually looked forward to going to bed with them.I'm still in contact with a few of them.
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28 April 2020 | 11 replies
I can connect you with plenty of lenders that we have used depending on what you're looking for.
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14 October 2018 | 4 replies
There might be a transfer tax when you do that but depends on every state and what type of LLC (SM LLC or MMLLC).
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13 October 2018 | 0 replies
Depending on the price decided upon after my offer is submitted this 6 month wait could cost me somewhere between $18-25,000 in interest on the HELOC.
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20 October 2018 | 5 replies
What happens is that if the rental property's value exceeds $60k then the tax return 706 NA must be filled and the exemption would be any amount between $13k and $46.8k depending on the proportion of assets located in the US compared to those located in the rest of the world.
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13 October 2018 | 3 replies
PA will require some type of tax return filed with the state depending on the entity type.RCT-101 is normally required for corporations doing business within the state
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22 October 2018 | 14 replies
I've had a few discussions about the best way to create a plan in order to "snow ball" your way to owning many REI properties (buy and hold for rent).After Googling around and even reading blogs on this site, I've thought about doing something like the following:Buy my first rental property (SFH) with cash (around $60-70k) where I'd expect about $500 cashflow per monthCurrently I have about $105-110k available (after taking out an emergency fund)Then shortly after, buy my second rental property (SFH) but take out a mortgage and put down around 25% on a $60-70k houseThe cash flow on this property specifically would likely break even (at or near 0) but this would be on a 15 year mortgage and I can use some (or most) of the cash flow from the first to help pay down that mortgage faster, along with my corporate job monthly savings tooI feel I could pay it off anywhere from 5 - 10 years depending on the exact strategy If/When I get the 2nd one, then shortly after that, try and get a 3rd SFH rental property and continue this snow ball effect to build up by rental portfolioObviously this is easier said than done, along with risks and I honestly do not have any real experience with rental properties as this is my first time diving into this type of investing.My main questions would be -- Has anyone done a similar strategy to help build their portfolio quicker?