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23 May 2024 | 4 replies
So many info in social media and in BP.
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23 May 2024 | 4 replies
But if you have one person who wants high end and new all the time and another who is fine with status quo, it is going to lead to problems.
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23 May 2024 | 3 replies
More importantly... by paying yourself from your rental income, you are converting passive income into earned income, subject to Social Security and Medicare taxes.
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22 May 2024 | 6 replies
Feel free to connect with me here on BP or on social media.
23 May 2024 | 10 replies
Any other social media/marketplace platforms?
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23 May 2024 | 7 replies
Getting the REPS status in order to truly leverage the benefits real estate paper losses offsetting your W2 earnings is something that takes very clear logging of approved activities proving your qualification every year.
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22 May 2024 | 6 replies
Your profile mentions that you are a real estate agent - You want to have a conversation to see if you potentially are eligible to claim real estate professional status which would allow you to treat your rental losses as active instead of passive.Also have a conversation if you are required to make estimated tax payments since there is no withholding on your commissions.Lastly, your profile mentions you are in Florida which does not have a state income tax which opens you up to more options for choosing an accountant.
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23 May 2024 | 43 replies
Those who buy subsidized properties are gambling their financial independence upon the good will of the taxpayer who has just about reached the limits of his willingness to support these social programs.
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22 May 2024 | 8 replies
They gave me their sob story about not being able to buy traditionally due to immigration status, they told me how hard they work and how excited they were to finally be able to own their home after 12 years of renting.
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22 May 2024 | 6 replies
You are pre-approved based on your status and employment so if nothing changes, you are good to go.