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21 November 2024 | 1 reply
Always account for the costs of upcoming capital expenditure items in your purchase price.
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22 November 2024 | 11 replies
This does also include my live revenue manager, which accounts for about $20,000 - so without her about $60k for pure software integrations.
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25 November 2024 | 23 replies
Outsourcing the 3000 would cost me .277 more per piece but that doesn't take into account my time, wear and tear on my equipment, 3 trips to the post office, making a total mess of my office, etc.Put another way, knowing I can only do about 40 per hour tops times the .277 per piece I save by doing it myself, comes out to $11.08 an hour.
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20 November 2024 | 18 replies
It offers features like Automated rent collection (Tenants can set up auto-pay) and you can receive payments directly into your account without any manual tracking.
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19 November 2024 | 5 replies
@Tessa Mac You can certainly rollover your old 403b plan into a self-directed account.
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19 November 2024 | 5 replies
I recommend finding a tax strategist who specializes in real estate 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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21 November 2024 | 23 replies
How much cash should I plan on pulling out of my own bank account for this?
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17 November 2024 | 1 reply
Donate the Property: Donating the property to a qualified charitable organization can provide you with a charitable deduction equal to the property’s fair market value and eliminate capital gains taxes.Implementing these strategies requires careful planning and consideration of your specific financial situation.
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21 November 2024 | 12 replies
Keep in mind that if issues arise and you decide to sue someone, it may be more challenging to take legal action against the wholesaler and hold them accountable for their actions.
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19 November 2024 | 12 replies
Always keep personal and business accounts separate, document all transactions, and consult a CPA or attorney to ensure compliance and maintain liability protection.This post does not create a CPA-Client relationship.