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27 August 2024 | 5 replies
We also always try and use the delayed financing approach if possible as we can recycle that capital as soon as we close and sink it back into another deal.
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28 August 2024 | 22 replies
Given the complexity and potential tax-saving opportunities in real estate, it's wise to consider hiring a CPA with expertise in this field.Many clients who work with non-specialists find that their non-real estate preparers lack the specific knowledge to help them minimize taxes through strategies like depreciation, the de minimis safe harbor, partial asset dispositions, 1031 exchanges, navigating real estate professional status, the short-term rental loophole, and more.If you are looking to qualify as a real estate professional, use the short-term rental strategy, or complete a 1031 exchange, I would without a doubt recommend working with a real estate CPA.
30 August 2024 | 70 replies
It doesn't just teach how to minimize your tax liability.
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26 August 2024 | 3 replies
But if they can’t calculate them or get an exact answer you closing may be cancelled/delayed.
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28 August 2024 | 5 replies
This not only adds to the project cost but also a long delay in delivery time.
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27 August 2024 | 12 replies
Terms will get better with 90 days seasoning or doing a no seasoning delayed purchase refinance if you bought this property with your own cash.
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27 August 2024 | 13 replies
Besides, there're often ways to optimize your tax returns and minimize your taxes.
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25 August 2024 | 10 replies
If the goal is to retrade after contract and prior to COE, you might have a shot if there was some sort of egregious delay on the seller side (e.g. on a recent project I had a dozen buyers stuck in escrow for nearly a year longer than expected due to issues with utilities), but even then it's a long shot.
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26 August 2024 | 0 replies
Once the deal was complete, I used delayed financing to pay back the first 80% percent and created a second loan with my family to pay back the residual.
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26 August 2024 | 28 replies
Newcomers are treated like rookies, and they'll face unnecessary delays just because no one knows them.