Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
They tend to be very high W2 earners with significant assets, and they feel like they would be a target if they knew their identify.
Renay Reese
Open Carry, Concealed carry or no carry while do business
19 November 2024 | 111 replies
It lowers wages for us, construction wages have not gone up since 1960 likely due to illegal immigration.
Jesse Jones-Smith
Advice on keeping expensive house as rental and downsizing
16 November 2024 | 12 replies
Keep in mind that residents in communities with a lower cost-of-living (thus lower-priced housing) often make a lower average-wage.
David Cherkowsky
Do I need a partnership LLC to depreciate and write off expenses on a rental property
17 November 2024 | 30 replies
Passive Loss Limitation: If your adjusted gross income (AGI) is over $150,000 (not 80k), the IRS limits Passive Activity Losses (PALs), which means rental losses, including depreciation, generally cannot offset other income like W2 wages.
Jazmin Winsor
Purchased first home, house hacked and needing tax advice
31 October 2024 | 4 replies
We were fortunate to get the ball rolling fairly quickly and only have to fork out 1.5 months of mortgage on our own. my partner thinks he can do all the taxes for the home and depreciation on turbo tax, as that’s what he’s been doing forever since he’s a w2 earner.
Henry Lazerow
Chicago anti gentrification ordinance has passed
7 November 2024 | 15 replies
Illegal because the state hasn't given the city the ability to charge that tax like they might a property tax or wage tax etc.
Lynnette E.
tenant charged with rape of a child under 13
29 October 2024 | 5 replies
She already works, but now will have her regular low wage job, schooling full time, and will be getting a part time job added to her schedule.
Matthew Drouin
The FED Just Hit The Panic Button
28 October 2024 | 15 replies
Despite current unemployment rates maintaining below 5%, the recent rise from 3.8% to 4.2%(recently revised to 4.1%) is significant, especially when considering wage growth adjusted for inflation.Over the last few years, the median household income has dropped by 7.2% when adjusted for inflation (and this isn't even considering volatile food and energy prices), a troubling trend given that inflation has outstripped income growth.
Will Gaston
Nearing 1,000 College Student Tenants: Here's what I've Learned
21 November 2024 | 305 replies
The majority of my properties are in a very established neighborhood/area that would wage an all out war for a developer looking to build property that would compete with me.