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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. :-)
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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.Â
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18 October 2024 | 3 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.
17 October 2024 | 15 replies
Quote from @Spencer Dixon: I'm familiar with concept and benefits of bonus depreciation but I'm not sure where the current law stands and the bill that was floating around congress.
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17 October 2024 | 0 replies
And if so, what are the benefits of section 8 if the only guarantee is the direct deposit and yearly inspection?
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16 October 2024 | 7 replies
How will tax benefits break down?
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17 October 2024 | 0 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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21 October 2024 | 10 replies
For example, understanding how to leverage the tax benefits of owning rental properties can significantly impact your bottom line.Educational Focus: Your business focus on educating others about homeownership is not only commendable but also a strong marketing tool.
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20 October 2024 | 14 replies
If you pull out 500k, and invest in a deal that will generate tax benefits, future appreciation, cash flow, and is one step closer to leaving your job, then in my opinion it' worth it.Creative financing works if you understand the business, and aren't only looking for seller finance deals.
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17 October 2024 | 9 replies
Unfortunately, you miss out on a lot of the cool tax benefits you’d get with long-term real estate investing—like long-term capital gains rates, bonus depreciation, 1031 exchanges, depreciation, etc.Another thing to keep in mind is that when you buy a property to flip, you can’t just deduct the purchase price right away.