Edward Heath
Balancing a personal home build and starting a rental business
25 December 2024 | 2 replies
This thought led me into studying about becoming financially free and building generational wealth.
Vidit Maini
Starting my small business
2 January 2025 | 14 replies
A good tax accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in business taxation, financial planning and tax planning.I would also recommend looking for a accountant willing to work with you throughout the year.
Armell Mayers
Real Estate Taxes
31 December 2024 | 6 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
John Friendas
$280,000 house that rents for $2,500 Worth Buying?
5 January 2025 | 7 replies
@John Friendas it's close to the 1% rule which is good, but I would still run the financials on it.
Account Closed
Paying off Rental or Primary
31 December 2024 | 8 replies
Account ClosedI recommend that have a consultation with your tax accountant and/or financial advisor on ways to reduce your taxes.
Jason Mitchell
New Detroit Rental Investor
8 January 2025 | 9 replies
@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Edward Toomey V
5 months using RentRedi and I HATE it
19 January 2025 | 55 replies
Though Buildium has its limitations, its financial tracking is quite robust.
Kevin M.
Condo Investment in NYC
7 January 2025 | 12 replies
It protects your assets, but it can make financing harder.
Venecia Baez
Want to buy first property and I watch a lot of videos, but lack action: How to start
1 January 2025 | 24 replies
Prioritize your financial stability.