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29 January 2025 | 14 replies
Most Florida markets will share some dynamics though like taxes and insurance.
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14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
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23 January 2025 | 4 replies
I do intend to stay close to home - but home provides only annual opportunities and I’m looking for year round possibilities with tax deed properties.
12 January 2025 | 10 replies
Hard money loans offer fast approval and don't risk personal assets but come with high-interest rates and fees, which can be tax-deductible as carrying costs.
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21 January 2025 | 31 replies
I'm in the market for entity config and tax planning/prep.
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12 January 2025 | 11 replies
What's the lowest credit score you will allow?
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22 January 2025 | 25 replies
It is your first year when you get the major tax savings windfall due to cost segregation and bonus depreciation.
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23 January 2025 | 5 replies
However, there is no specific holding period contained in the tax code or regulations and there is no "safe harbor."
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22 January 2025 | 9 replies
I used to live in the city and the taxes and water bills are nightmares.
22 January 2025 | 14 replies
Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.