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16 February 2025 | 29 replies
A real basic guess is 30 houses each cashflowing $1,000/month.In Metro Detroit, this means $1500+ in rent, with the difference convering taxes, insurance, maintenance and vacancy - NO MORTGAGE!
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16 January 2025 | 0 replies
By and large, QI's have very high ethical standards, and are sometimes overlooked as the engines of this tax saving tactic.]REPUTATION MARKERS 📊INDUSTRY STANDINGMembership in professional organizationsLeadership roles in FEAEducational contributions to the industryRelationships with major title companiesCLIENT RELATIONSHIPS 👥Testimonials from CPAs and attorneysReferences from title companiesLong-term client relationshipsTransparent fee structuresRELATIONSHIP RED FLAGS 🚩Overly familiar with your realtor/brokerKickback arrangements (illegal!)
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23 January 2025 | 5 replies
The book on tax strategies for real estate investor by Amanda Han and Matthew Macfarland.I read these two books when I first started investing and found the information very helpful.
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15 January 2025 | 18 replies
Not that I'm a proponent of borrowing just for a tax break, but the interest is a deductible expense.Â
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16 January 2025 | 7 replies
(It doesn’t pay its own taxes.
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18 January 2025 | 1 reply
Bonus - the interest on the loan is tax deductible!
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14 January 2025 | 1 reply
If you continue filing taxes jointly the income you realize from your separate property will still need to be explained and redacted, regardless of the type of entity holding the real estate.
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15 January 2025 | 39 replies
A HYSA pays 4.5-5%(before rates went down)Â pre-tax, 3% net tax if you're a high earner.Â
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18 January 2025 | 21 replies
Tax-wise, profits are taxed at your ordinary income rate, and frequent flips may subject you to self-employment tax if classified as a dealer by the IRS.
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15 January 2025 | 12 replies
I looked into this as well since I'm getting terribly bent over on my w-2 taxes.Â