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12 January 2025 | 8 replies
Now consider this: all the groups people are spending fortunes to target—foreclosures, absentee owners, probate leads, tax liens—what do they have in common?
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10 January 2025 | 22 replies
Not to mention the tax benefits it allows.
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9 January 2025 | 11 replies
Investors often obsess over how to defer tax obligations and ultimately make poor investments due to being hyper focused on taxes.
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15 January 2025 | 10 replies
High taxes, a declining population, and an environment that is less than friendly to businesses are important factors to consider.
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30 January 2025 | 32 replies
Lower taxes, no POS and lead testing.
10 January 2025 | 5 replies
I’d fix it up and list it to sell after I’d been there two years to take the gain tax free.
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9 January 2025 | 2 replies
You did purchase the property in one tax year and are selling it in another tax year which satisfies one of the court rulings.
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13 January 2025 | 4 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.
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10 January 2025 | 6 replies
I would recommend an STR for the best tax benefits and cash flow no doubt.