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27 December 2024 | 18 replies
Knowing what I know now, I will never contribute to Roth; I will only make pre-tax contributions, get maximum tax deductions, invest, and then be selective about which asset I want to convert (such as the one above).
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24 December 2024 | 6 replies
Deduct everything."
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9 January 2025 | 43 replies
@Robert Washington We don't have any specific features geared towards military personnel, but I would be happy to set up a meeting with you to help you get the most out of the platform.
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5 January 2025 | 17 replies
And consulting with a local attorney to ensure compliance with state-specific real estate laws, plus making sure you have the necessary permits, is a smart move.As you start, also look into state-specific rules regarding contractors and renovations, especially if you plan to flip in different states from where you reside.
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6 January 2025 | 57 replies
Here are some quick stats to consider:Tangible Asset: Real estate is a physical asset you can see and touch, which can provide peace of mind.Cash Flow: About 33% of homeowners rent out their properties, generating consistent income through rent.Appreciation: Real estate appreciates by about 3-5% per year, while the stock market averages around 10% but with more volatility.Tax Benefits: Investors enjoy deductions on mortgage interest, property taxes, and depreciation.Control: You can actively manage and improve your property to increase its value.Just take it step by step, and you might find real estate is less risky than it seems.
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9 January 2025 | 116 replies
My biggest advice for people would be as follows.Know why your in the real estate game, and why a specific niche.
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7 January 2025 | 8 replies
I’d like more information on the DCSR lenders if anyone has specific recommendations.Also, if anyone needs advice or repairs/ replacement on plumbing feel free to send me a message!
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26 January 2025 | 21 replies
Sometimes, you need to be very specific and provide all the details to help them properly investigate.
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26 December 2024 | 7 replies
Be sure to consult with your CPA to determine if you can utilize these deductions based on your specific tax situation.
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3 January 2025 | 2 replies
Hi Kyle, I would recommend chatting with a property manager in the specific city of Ohio you're looking to buy in.