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7 April 2024 | 2 replies
Many of the “deals” we acquired required a lot of work to be market ready.
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8 April 2024 | 12 replies
It requires a bit of experience.
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7 April 2024 | 5 replies
These have between 3 and 3.5% minimum down payments, but would obviously require a lifestyle change for the immediate time- there are hard money lenders that do not conform to traditional lending requirements.
5 April 2024 | 1 reply
However, life can get complicated, and if you find yourself needing more time to gather your documents and complete your tax return, there’s an option available: filing for an extension.Understanding the Extension ProcessTaxpayers who require extra time to file must submit a request for an extension by April 18.
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8 April 2024 | 20 replies
Doors require cleaning and maintenance while curtains can be tossed and replaced on the cheap.
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7 April 2024 | 33 replies
Good appreciation, rents are creeping up, and you avoid the LA County rent control BS.Or, you house hack.
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5 April 2024 | 8 replies
I know that most people who OWN a property and put it on airbnb claim the income on Schedule E ("passive income"), which avoids having to pay the 15.3% self-employment tax.I'm wondering if those who are practicing rental arbitrage by renting the place that they list on airbnb also claim the income on Schedule E, or if you claim it on Schedule C bc you don't own the place that you're listing on airbnb.Whether you own or rent the property that you list on Airbnb, the activities are the same: acquiring the property, furnishing it, activating utilities, listing it on Airbnb, hiring cleaning services, etc, etc.
7 April 2024 | 14 replies
I have done things with attorneys, CPAs, stock brokers, insurance brokers and others successful in business.General business knowledge, understanding of financing requirements, knowing property valuations, maturity in personal financial matters to give general advice, understanding of the foreclosure process, legal aspects as to liability in leading someone into financial matters, fully understanding fraud issues and the differences in a general matter where fraud might be applied as generally thought of and what may constitute bank fraud causing or even attempting to cause a loss to an insured bank having different standards.
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6 April 2024 | 4 replies
The only way to avoid the liability completely is to delead immediately, so use that as a negotiation tactic when buying.
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7 April 2024 | 9 replies
It's not just Sharia but orthodox jews and others that have similar structuring requirements as far as not paying interest.