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8 May 2024 | 4 replies
Getting lots of LLCs is not always the sign of success, sometimes it is a sign of complication and it gets difficult to keep up with all the paperwork, so very well one could have slipped thru the cracks.#4 Now looking at all the success you have posted about the owner, they very well could fight if they loose it.
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7 May 2024 | 56 replies
The IRS Chief Counsel released a memo stating that to perform cost segregation properly one must have knowledge of construction, construction techniques, design, auditing and estimation procedures.
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9 May 2024 | 16 replies
Relying on general ideas is dangerous when it comes to taxes.Read this older thread to see why this area is far more complicated than you might think: https://www.biggerpockets.com/...
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9 May 2024 | 65 replies
Buying a house and renting it out is not that hard or complicated.
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7 May 2024 | 3 replies
It is overly complicated, the service are terrible, and they often don't fix much of anything.
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8 May 2024 | 26 replies
To complicate things further, you should have a policy around how and when they accept your offer.
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9 May 2024 | 43 replies
I recommend you read books or (view You Tube)written by IRA Financial founder,Adam Bergman.The beauty of tax free cash flow of 14%+ ConC and no capital gains taxes ever, far outweigh any lost depreciation deductions.This thread is getting complicated.
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6 May 2024 | 10 replies
Quote from @Bubba McCants: I have the same technique as Drew: copy from others, customize to your business model and laws, refine as you go.I started with a two-pager that was built in the 80s and never updated.
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6 May 2024 | 7 replies
It will get more complicated if you're borrowing money.
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7 May 2024 | 16 replies
The way I've seen this work from a cost savings perspective is to hire an overseas bookkeeper to do the busy work, but also have someone higher level available to answer questions and to record the more complicated transactions.