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24 October 2024 | 33 replies
I fail to see any benefit by renting to section 8.
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22 October 2024 | 20 replies
You can also write it off as a business expense and there could be additional tax benefits for energy efficient home improvements.
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18 October 2024 | 7 replies
The other electric meter I pay for because it feeds 2 units (the first floor and basement).1)Would this be a good investment with worthwhile tax benefits?
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24 October 2024 | 27 replies
I have not consolidated them under one LLC as of yet—my attorney advised me to beware of franchise taxes in my state that may cancel out the benefits of consolidation.
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20 October 2024 | 84 replies
I can see the benefits to either option: having 5 properties cash flowing as much or more than 10+ levered properties is powerful and takes a lot of stress off of you.
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18 October 2024 | 4 replies
She’s just a good person, period, and anyone she works with will benefit from her expertise.If you’re considering investing in Cleveland or need help with an out-of-state property, do yourself a favor and contact Melissa.
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23 October 2024 | 27 replies
Ensure the appraiser accounted for things like the square footage, recent improvements, location benefits, or other factors that impact value.
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19 October 2024 | 5 replies
I offer them a cash down payment so they get a lump sum up front, and educate them on the tax benefits to them of taking the rest of their money over time.
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18 October 2024 | 3 replies
My intention was to minimize my reported taxable income after taking expenses against the earnings through the LLC.I don't see how this would benefit you tax wise.In fact, I would be concerned that by mixing personal business (rental property in your name) with the LLC that you could basically nullify the liability protection the LLC offers allowing anyone who sues you to pierce your corporate veil because of this co-mingling.
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21 October 2024 | 23 replies
.😂 I’m not a skilled handyman, but could be the worlds best helper if it benefits me. :-)