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12 January 2025 | 7 replies
>>For purposes of taxes, consult with a CPA to confirm this would work for your situation, but you could have the LLC be treated as a "disregarded entity" and thus, even if you and your wife are members, any profits/losses would "disregard" the LLC and go directly on your personal returns.
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20 January 2025 | 1 reply
It was recently purchased in December 2024, which aligns with the timing she mentioned on the phone.However, despite all the communication being professional, I’ve had trouble finding additional information about their business online.I’m wondering if I’m being overly cautious, but I want to make sure everything is legitimate and avoid any potential scams.
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22 January 2025 | 12 replies
You're giving up some good tax benefits since you're in the tier of taking itemized deductions.
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26 January 2025 | 15 replies
Yes we avoid custom work to help keep cost down.
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29 January 2025 | 6 replies
3) Your $250k with 30% down => about $750k (you also need funds for closing costs, taxes, etc.)
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17 January 2025 | 19 replies
A lot of problems that arise during permitting and planning can be avoided by being proactive.Build relationships with sub contractors.
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24 January 2025 | 7 replies
You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.
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7 February 2025 | 14 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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23 January 2025 | 5 replies
My monthly payments (mortgage, insurance, taxes) are roughly $3,600, leaving me netting about $4,600/month.I have four years left until military retirement, after which I’ll have a pension, some disability income, and rental income from this property.
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27 January 2025 | 11 replies
You are so right about analysis paralysis 😁Not too concerned about mechanics though I would like to learn more about how to best use CRMs (specifically freedomsoft), but also would like to learn specifics regarding forming LLC structures and tax strategies 🤔