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22 August 2024 | 10 replies
That has been talked about forever.While I mention that I would agree Springfield, west Alexandria and Annandale are ripe for a huge boom as on the Virginia side it’s the one area that does not have great metro access so the cost of housing is considerably less than abutting downtown Alexandria / Alexandria-FFX county and falls church.
20 August 2024 | 4 replies
Market-Specific Considerations: Are there any specific neighborhoods in Birmingham that you would recommend for a BRRRR strategy?
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20 August 2024 | 4 replies
Since your Boston condo is in an LLC, transferring the title to your personal name to satisfy the lender could potentially trigger tax issues or disqualify the exchange.
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21 August 2024 | 7 replies
Each LLC can have a separate agreement, but the IRS will scrutinize this, so keep everything above board to avoid issues.Tax Implications: This arrangement could allow you to shift income and claim home office deductions, but it needs to be done carefully to avoid triggering any red flags with the IRS.Renting a Car to Your LLCs:Renting your car to your LLCs can also offer some tax benefits, such as shifting income and potentially deducting expenses like mileage and depreciation.
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20 August 2024 | 8 replies
Selling the property, while a difficult decision, may need consideration based on the financial implications of maintaining it under the increased insurance cost.
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15 August 2024 | 16 replies
I'm looking for advice on how to feel more comfortable pulling the trigger on my first out of state rental property.
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21 August 2024 | 26 replies
As Russel noted, this is all considerably due to the dollar losing its value—aka, this Country likes to print money!
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18 August 2024 | 12 replies
I have "Rental Property Investing" sitting in my cart but was waiting to pull the trigger until I added a few more things.
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21 August 2024 | 18 replies
Holding onto a property merely for tax considerations is a dangerous gamble.