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2 January 2025 | 14 replies
I would not buy a new vehicle just to get a write off - Only if you planned to get a new car anyway(I.E. if your old car is worn out).A lot of people are focused on deducitons but not focused on the income coming in / out.Best of luck!
8 January 2025 | 3 replies
., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.
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14 January 2025 | 9 replies
Your future is bright, best of luck!
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13 January 2025 | 11 replies
Will you need the equity in your primary home for any future personal expenses?
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9 January 2025 | 4 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
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3 January 2025 | 3 replies
From the Great Recession to Q1 2022 it was easy to find RE that seemed very likely to produce outstanding return.
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12 January 2025 | 7 replies
Stay focused and close on the property, do not let an out of the blue crime destroy a future REI and cash flow.
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17 January 2025 | 20 replies
This experience will help you prepare for more complex real estate deals in the future.
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18 January 2025 | 8 replies
There are many ways to attempt to collect your loss: file a small claims complaint against them; get a judgement so you can garnish future wages/bank accounts - and the judgement will be recorded in the credit bureau.
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16 January 2025 | 40 replies
What we did was open a holding company, and the LLC that owns the RE and management company under that.