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21 January 2025 | 27 replies
Can you at least break even if you go sec 8?
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6 February 2025 | 13 replies
Imagine you make $100k and you are affected by 3 tax brackets.0-33k =-33K 0%33,001-66k 10%66,001 - 100k 20%You can take $100k in deductions this year and pay zero taxes, for one year and then $10,100 for for 2 years ($20,200 total)You can take 67k in deductions this year and pay zero taxes for a year, take 33k the second year and pay $6,800 year two and $10,100 year 3. ($16,900 total)You can take 33k each year and pay $3,300 in taxes all 3 years. ($9,900 total)Obviously this is simplified but unless you expect to make much less and be in a lower tax bracket in the future those deductions could come in handy.
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8 February 2025 | 12 replies
I had a W2 while working as an agent before transitioning to full time - most folks are in this position.2) You will likely pay your broker a typical commission split even if you are representing yourself.
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21 February 2025 | 3 replies
You’re not going to find a safe way to do what you want unless you or the “buyer” has enough cash to pay off the note.
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19 February 2025 | 5 replies
The automation is helpful to the emails that you send to the text, this is all nice to have along with great drip emails for birthdays, reminders in escrow, and much more.
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18 February 2025 | 51 replies
Quote from @ThomasRoy Penland: I have ventured in to this market as of April this year (2022).
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19 February 2025 | 6 replies
This is common in California Thanks for the reply.
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8 February 2025 | 9 replies
Happy to talk through this in more detail and good luck with the out of state investing!
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11 February 2025 | 6 replies
Are they currently investing in deals and building in this market.3.
31 January 2025 | 6 replies
The key to this is finding a HML that doesn't require access to the property for an appraisal.