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15 November 2024 | 13 replies
At $600k, you'd be at a 8.36% CAP RATE this wouldn't be taking into account any other income from the property..
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17 November 2024 | 10 replies
It also is Tax free and cannot be closed or reduced once its in your account.
15 November 2024 | 14 replies
Hello everyone,I’m a 18 year old electrical apprentice and I’m looking to do a full dive into real estate investing.I am in the union and earning base wage, parking, vacation pay, pension and full benefits are covered.I am saving about 400/w in a high interest savings account right now which is 60% of my pay, I am going to get guaranteed $5/h raises every year for the next 5 years.
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14 November 2024 | 3 replies
Your accountant will guide you through.
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15 November 2024 | 11 replies
This means that your accountant can report your exchange as a partial exchange and partial installment sale with proceeds received in 2025.
19 November 2024 | 15 replies
Account Closed DON'T PANIC!
14 November 2024 | 13 replies
Not only that he gets stepped up basis and sell with no tax double check that with accountant but I think that is correct.. then take the cash put it in 5% gov bonds for now then get up to speed and see what you really want to do.
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15 November 2024 | 18 replies
The other thing that has been a problem is that the accounting has been very disorganized.
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14 November 2024 | 5 replies
Your accountant might have a preference.2.
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15 November 2024 | 12 replies
You are paying them to do a job, I would let them do it and hold them accountable.