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7 January 2025 | 8 replies
Eliminate debt, establish a budget, and save.
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2 January 2025 | 9 replies
This is not personal, but if a person cannot save money now real estate is the worst investment to get into as it is one of the most cost intensive businesses to be in.
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6 January 2025 | 5 replies
@Dustin Horner you should be contracting maintenance work and creating a preferred list of vendors as @Phillip Austin has recommended.The first person you hire to help you should be to handle what you LEAST like to do yourself or has the greatest time savings for you!
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10 January 2025 | 18 replies
You can save and have a foundation to do your first fix and flip
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3 January 2025 | 5 replies
@Steven HsuBigger Pockets is a great place to find a real estate tax accountant.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.
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12 January 2025 | 185 replies
If we don't resolve the issues, they are likely to be sued.
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7 January 2025 | 8 replies
Two, the tenants will likely stay longer and there will be less turnover, which mean some savings on turnover costs.
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3 January 2025 | 4 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.
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2 January 2025 | 12 replies
That immediate tax savings in the new property is better than the infinite tax deferral of the 1031 exchange.Some questions:1) why use an irrevocable trust?
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2 January 2025 | 11 replies
Not only did I save over $500/month on my monthly payments, but the reappraisal came in over $140k above my purchase price, which was a huge confidence booster.Fall: Challenges and Big ProjectsFall brought some of the toughest challenges of the year.