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3 January 2025 | 7 replies
But, if I would have done a cost seg back in 2015, 2016 - I could have bought a bunch of properties with the tax savings.
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23 December 2024 | 12 replies
But the only strategic thing about them is that you need to keep good records and hire a tax professional who knows how to maximize the tax savings from things you already paid for.
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2 January 2025 | 10 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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31 December 2024 | 0 replies
For the rest, I scraped together savings and maybe skipped a few Starbucks runs (okay, a lot).
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29 December 2024 | 8 replies
Even something as simple as utilizing ChatGPT to speed up certain processes such as asking for generalized information on a market's demographics and immigration patterns can be useful and save a lot of time.
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1 January 2025 | 13 replies
There's options for checking and savings accounts as well as virtual accounts for each property
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30 December 2024 | 1 reply
FROM CASH I SAVED UP FROM FLIPPING HOUSES How did you add value to the deal?
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28 December 2024 | 23 replies
For me, it's about practicing Cooperative Group Economics: It's not about me maximizing my profit, by rather about me maximizing the benefit to my community.
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23 December 2024 | 0 replies
In terms of feedback from our team, we’re leaning towards buttoning down the hatches, keeping rent increases low, and focusing on maximizing occupancy in our New England markets.
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28 December 2024 | 7 replies
Well done on 50K saved up.