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27 January 2025 | 9 replies
Complicated post and I realize this might be more geared to a CPA, but figured I would try here and see if anyone else has come across a similar situation.
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4 January 2025 | 20 replies
I'm not sure why this caused such a reaction, but I can say the language above is completely unnecessary and out of order on this forum.
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4 January 2025 | 2 replies
It's complicated.
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11 January 2025 | 7 replies
Instead of complicating things.
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9 January 2025 | 9 replies
Regarding a 1031 exchange, while the property was rented and treated as an investment property during your deployment, if you maintained it as your primary residence for tax purposes, it may complicate eligibility.
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20 January 2025 | 22 replies
Larger cities offer better infrastructure, such as international airports, interstate highways, and a broader talent pool, making them attractive to businesses and tenants.Avoid Rent ControlRent control laws can hinder your ability to adjust rents to match inflation, limit tenant screening, and complicate evictions.
10 January 2025 | 5 replies
These loans are quick and align well with your goal of selling within the year...just watch for carrying costs.For Home 2, the $210K mortgage complicates things a bit, but it’s not a dealbreaker.
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13 January 2025 | 10 replies
I got quickbooks once and it was so complicated and cumbersome that I gave up trying to use it.
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15 January 2025 | 6 replies
@Bianca Rodrigues I second Ken's advice above, definitely get an appraisal and inspection if you move forward with the deal.The two existing mortgages make it complicated.
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20 January 2025 | 31 replies
That’s half the cost of Prime’s reduced rate.2nd, like everyone is saying, the cost of setting up and LLC is less than $100… closer to $50… if you just do it yourself through the state (not complicated).3rd, if you want someone to help you draft your operating agreement, hire a local real estate attorney and it will be significantly cheaper than $1660… probably cheaper than $550.4th, if you want someone to do your taxes and help you get your max deductions - talk to a CPA who specializes in real estate and they can review your operating agreement to see if you’re setting yourself up properly, and they can do your regular taxes… and be cheaper than Prime. 5th, a separate CPA can work with you regularly to review your investments and strategies to determine good tax strategies as you look to execute any deals. 6th - don’t lock yourself into a crazy subscription model before you start making money!!!