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5 March 2024 | 4 replies
@Andrew HinspaterI recommend finding an accountant that specializes in real estate taxation and LLC formation.
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5 March 2024 | 7 replies
If only they had them quarterly lol.They did just open their waitlist for the next one which is in Utah in September.
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4 March 2024 | 4 replies
Other than having a quarter of the property (purchased for $850,000) qualify as my primary residence are there other benefits, tax or otherwise, are there of living in the property?
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4 March 2024 | 4 replies
@Nate Pucel,I recommend finding an accountant that specializes in real estate taxation.
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4 March 2024 | 5 replies
But, I want to figure out “how” to purchase a property every quarter!!
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4 March 2024 | 14 replies
Its not capital gains tax at all.So, none of what you just replied to technically works.Of course, consult a qualified professional...
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4 March 2024 | 15 replies
Drawbacks may include additional fees for out-of-state registration and possible confusion with managing a remote LLC.2.Wyoming's laws and regulations may impact the management and operation of the LLC, such as annual reporting requirements and taxation policies.3.Specific requirements for out-of-state LLCs owning property in Texas may include registering as a foreign LLC and appointing a registered agent in Texas.4.There may be restrictions or limitations on the LLC's ability to purchase, sell, or finance property in Texas, such as compliance with state laws and regulations.5.Other considerations to be aware of include consulting with a legal or financial advisor, understanding tax implications, and staying current on any changes in laws or regulations that may affect the LLC and its operations.
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3 March 2024 | 6 replies
for example Chris, here's the actual DSCR from marketing vs reality and this is coming from one the best sponsor outthere:---------------promise---DSCR every quarter-----DSCR1.100.8440.8100.8130.817DSCR 1.71 1.16 1.1 1.0 1.05As you can see DSCR went down by 0.30 - 0.70 in some extreme cases and most lender I analyzed is also having similar pattern.so big sponsor is also decaying slowly....
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2 March 2024 | 4 replies
If one is renting out a percent of their personal property, that same percent of the profits will be subject to capital gains tax at the time of sale.
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4 March 2024 | 34 replies
This is wonky, but as you are discovering, a lot of this stuff is wonky:https://www.thetaxadviser.com/issues/2016/feb/taxation-of-wo...