@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

This would allow you to indefinitely defer all of the tax if you sold, and use the tax you would have had to pay, to purchase something nicer in an area with a greater growth potential.   

I understand that they operate in real estate under one of a few exemptions from registering as a security with the SEC.

It’s definitely smart to evaluate the tax and cost implications of your funding options.

And she’s the one that released the latest tax rates and year to year comparisons in September of 2024.

.🔹 Property Tax Relief – If your property is severely damaged, you may qualify for reassessment and potential tax refunds.

Here are some key elements to include:Lease Agreements: Ensure your contracts reflect the latest laws, such as notice periods for entry or rules around security deposits.Fair Housing Compliance: Familiarize yourself with federal, state, and local fair housing laws to avoid discriminatory practices.Property Standards: Regularly inspect your properties to ensure they meet safety and habitability standards.Tax Documentation: Keep accurate records to comply with tax reporting requirements.4.

You and Him are filing one joint tax return. 

What is the security on the above?