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12 March 2024 | 3 replies
However, if you're looking for payment reliability, I'd recommend a slightly different strategy that aligns well with consistent income.Partnering with non-profit organizations that support vulnerable populations, like the Veterans Affairs or groups assisting people with developmental disabilities, could be highly beneficial.
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13 March 2024 | 8 replies
Zach is a super responsive and runs a great organization
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13 March 2024 | 9 replies
Cheers,LevinskiThese are my opinions as someone pretty new and zero deals done:Finding a mentor organically is best, paid isn't worth it.
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12 March 2024 | 4 replies
.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.
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11 March 2024 | 2 replies
One major challenge is having our partners come up with clean and organized documentation of their track record.
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12 March 2024 | 11 replies
Meeting seasoned investors who might be willing to advise you can happen at these events.Join New Jersey-based organizations or groups for real estate investing.
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11 March 2024 | 3 replies
Here are some of the types of “wanna be” investors who never seem to be able to “pull the trigger:”The Organizer – This individual can’t seem to ever get fully organized - and until they do they can’t possibly make a purchase transaction.
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12 March 2024 | 4 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
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12 March 2024 | 5 replies
You can meet possible mentors through the events, workshops, and networking opportunities that these organizations frequently provide.Social Media Platforms: To get in touch with Texas real estate investors, use social media sites like Facebook, Twitter, and LinkedIn.
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11 March 2024 | 6 replies
I organize it by category per property.