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19 November 2024 | 111 replies
I got recertified in the military on my weapon every 6 months and without regular practice and in a controlled environment I still had difficulty with the target.It gives many (not all) people a false sense of security, like they're going to pull out their weapon and go Steven Segal on the situation, when the most appropriate response most of the time is to exit the situation (run/hide/etc).There are reasonable alternatives to carrying a firearm that are at least worth considering for your particular situation.
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22 November 2024 | 92 replies
More opportunity boosts this approach is to do accelerated depreciation through cost segregation and meet the requirements to claim real estate professional tax benefits.
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12 November 2024 | 1 reply
If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.
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10 November 2024 | 5 replies
One even said they were a reservist, but the applicant is claiming they are active duty.
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11 November 2024 | 1 reply
I needed a consistent cash flow while still holding onto my regular full time job.
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20 November 2024 | 37 replies
I claimed for years 1) initial cash flow and cash flow over a long hold have a poor coupling 2) that I would purchase a property with negative initial cash flow. 3) I cared about total return and did not give a $hit about cash flow if the other returns produce an outstanding return 4) that cash flow is my least favorite return because it gets taxed annually.
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12 November 2024 | 8 replies
My partner and I both have 9-5 jobs with mine requiring work travel, so it has been a challenge attending local meet-ups regularly; which is why I am so glad this platform exists to help us network!
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5 November 2024 | 15 replies
@Ed Hoffman actually, you can transfer it via Quit Claim right there at the closing table before you leave the title company.
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10 November 2024 | 1 reply
The goal here would to help educate and avoid potential pitfalls before wiring $50,000, $100,000 or even more.We would have educational modules, regular meetings and ZERO solicitation.
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12 November 2024 | 8 replies
I do inspections regularly and make suggestions, but nothing changes.