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22 January 2025 | 3 replies
There are less taxes in Alberta too.
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24 January 2025 | 4 replies
The sellers you are dealing with in these situations don't deal with prorating Taxes, or any other kind of prorations, that is what an escrow agent does.
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1 February 2025 | 6 replies
Most places in Ohio can be profitable rentals... if you can stomach those property taxes!
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7 February 2025 | 31 replies
Out of my 32 properties, I’ve seen insurance rates drop by up to 40% on renewals, and property tax increases are finally slowing down compared to the crazy jumps we saw over the last five years.
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15 January 2025 | 5 replies
Hi! I have a short term rental property. It's a 5th wheel located at a campground. It does not get moved. Will the RV be depreciated at 5 years or 27.5 years? I am unable to find anything giving me a for sure answer. ...
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21 January 2025 | 5 replies
I am looking to purchase real estate for both investment purpose as well as to offset as much tax liability as possible.
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27 January 2025 | 11 replies
I haven’t gotten bids yet (build is too far away), but I’m hoping to keep it under $300K by subbing out the work myself.I’m not a huge Dave Ramsey fan, but I do lean toward being conservative and avoiding too much debt.
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26 January 2025 | 21 replies
The same thing you claim on your tax return for your properties.
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22 January 2025 | 10 replies
So all of the gain and depreciation recapture are initially still tax deferred.However, like Joe said, the down side is later when sold you lose the 1031 option. the client will pay tax on all gain and depreciation recaptured from before the 1031 also.
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29 January 2025 | 7 replies
If you were able to increase the value of the property significantly after the rehab, then you could bring the deal to a community bank to refinance and take the hard money lender out.You keep all the equity and don’t have to file a partnership return for your annual tax return, which can be costly.