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1 October 2024 | 5 replies
I recently separated from the military and pursued a career as an Avionics Electrician, I love what I do but want my time back so I can spend it with my family.
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30 September 2024 | 4 replies
I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.
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1 October 2024 | 37 replies
I used to work in consulting for the robotic division at DHL Supply Chain.
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1 October 2024 | 12 replies
@Warren Barton Having your property manager pay you through your LLC EIN offers better liability protection by separating personal and business assets.
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29 September 2024 | 2 replies
I learned that separation wall for a duplex could be a fire wall.
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30 September 2024 | 5 replies
Does the GP equity sit in same class as LP shares, or is it separate?
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30 September 2024 | 11 replies
I have not heard of an extension as of yet.Your 100 hours is related to material participation for STR not the real estate professional status, they are two separate items but in a way can be connected (kinda).I'm not sure what you mean by "sell it for no bonus depreciation recapture" because you are required to take depreciation, if you don't the IRS should calculate your tax as if you did.Your head is in the right place and I wish you luck but would highly recommend consulting with a tax professional before proceeding if this is your plan.Best of luck Dennis!
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1 October 2024 | 15 replies
This is separate from the tax treatment of the insurance proceeds.Your CPA's suggestion of not doing a partial disposition and instead offsetting the insurance proceeds with the cost of the new roof might be less favorable in terms of tax planning.
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2 October 2024 | 12 replies
Then if time allows I’d also like to add each property in a separate tab and maybe create a dashboard showing the full portfolio.
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30 September 2024 | 16 replies
Sometimes, the address describes a house, but the auctioned parcel is for basically half of the address which is split into two separate lots (one with a house and the other without one).