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The real estate professional rule states:"A taxpayer will be considered a real estate professional if (1) more than one-half of the total personal services the taxpayer performs in trades or businesses are performed i...
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hi all , i'm not sure this is the right form for my question. i have seven rent houses two of them i'm paying on loan the minimum i can . i maintain 40k repair found in a savings account . i normally save up all incom...
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The market has changed so much over the last 2 years, I'm finding that posts and other reference points on what's a good deal from a few years ago don't seem accurate anymore. I'm buying turnkey properties from out of...
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Let's say I buy a 50 unit apartment complex. My mortgage is fixed. Expenses such as taxes and insurance will likely rise slowly over time. Now if I raise the rent $50 per year on all 50 units (perfect scenario to demo...
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I live in IL, am single, have several rental properties, have landlord insurance and umbrella policy. I do all the work myself (repairs, upkeep, accounting, screening, approving of tenants etc). The following idea I ...
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I know this may be a weird question to ask on a real estate forum (Im thinking the vast majority of responses will be pro real estate), but I wanted to get some different perspectives from the BP community. I current...
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I'm currently in the Charlotte area and have acquired a few multiplexes (3). I'm interested in REIA meetings but most meet during my work hours. I feel like it is impeding on my potential investment opportunities.
So...
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I am going to be buying my first property next April when my lease is up on my current apartment. I will be purchasing a small multi-family property, a duplex or maybe up to a quad. My main questions is once the deal ...
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Hi All,My first post here, but been lurking for a while. Scott Trench's "Set for Life" inspired my current situation. I'm interested in getting into real estate investment because I suspect it might be the fastest...
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I have a contract to purchase 3 duplexes with a family trust. All three are on the same street where I currently own 4 duplexes. These are all in the Branson MO area. The terms of the contract are as follows: A separa...