Nicholas Woo
what are your thoughts using Anderson advisors?
21 January 2025 | 31 replies
With enough knowledge you can make a educated decision on which approach you take.My experience:I personally don't sign up for any program who take you aside during events and try to sell packages that is just blatant sales strategy.Once you sign up there is every attempt to make you sign for their programs for bookkeeping, registered agent, LLC or corp setup fee which have ridiculous even with platinum membership.Basic standard structure they suggest to take advantage of multiple deductions can be easily achieved by proper education or work with a good firm like https://wcginc.com who is local to you.A umbrella C-crop to manage all other LLC properties and take advantage of many tax deductions that are not available with a llc, its also used to take losses up to 100K as startup expenses and dissolve the entity after few years.Few LLC entities for investing in Real Estate, etc preferably in Wyoming or Nevada ( you can find many companies online who can do this for $150 compared to anderson $1500-$3000) , they will claim they have a secret Operating agreement which is bogus.They certainly try to take advantage of tax loopholes and claim to be smart people, my view they are just taking advantage of numbers as per their own statements.
Nathan Gesner
Have you ever used your umbrella insurance policy?
15 January 2025 | 11 replies
Deductibles- make sure your deductibles are as high as possible.
Peter Marriott
Problems with our Current Rental and Deciding Whether to Sell or Not
21 January 2025 | 2 replies
That will cost us about $4.8K out of pocket (our insurance deductible under our Rental Dwelling policy).
Daniel Chen
Section 179 Question for rental business
4 January 2025 | 11 replies
Yes, you can deduct related expenses including gas, loan interest, insurance, etc. using the actual vehicle expenses method to deduct auto expenses for your rental or other businesses.
Mohamad Guene
Mobile home investment.
8 January 2025 | 3 replies
., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.
Luis Fajardo
Scott Bessent Confirmed as Treasury Secretary: What It Means for R.E Investors.
28 January 2025 | 1 reply
Key provisions like bonus depreciation, the 20% pass-through deduction, and 1031 exchanges have saved investors thousands of dollars each year.
Kyle Jenson
New Dentist looking to create a retirement plan for myself thru real estate
24 January 2025 | 15 replies
I buy real estate but I carry debt which is actually tax deductible, my money works for me.
Christina Galdieri
1031 Exchange for a small business?
28 January 2025 | 6 replies
If purchasing new real estate as part of your reinvestment, a cost segregation study can maximize depreciation deductions, offsetting future taxable income.For effective planning, assess how the sale price is allocated between real estate, tangible assets, and goodwill, as this determines the tax treatment.
Curtis Cutler
cashing in 401k? rethinking retirement.
27 January 2025 | 9 replies
HELOCs often have lower interest rates, and the interest may be tax-deductible if used for investment purposes.
Melanie Baldridge
A post on recapture.
21 January 2025 | 2 replies
We generally advise our clients to go ahead and pay the recapture rates if death is the alternative.The good news about recapture - the deductions are a deferred tax liability to you, and an interest free loan from the government.