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30 September 2024 | 10 replies
Once you’ve built enough equity, refinance and pull cash out to acquire more properties.Leverage Knowledge: Learn about tax benefits, depreciation, and using LLCs to protect your assets as you grow your portfolio.If I were your age, I would’ve networked more with real estate investors early on and diversified faster.
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28 September 2024 | 11 replies
I think you have to travel back to Canada every so often to keep the benefits.
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29 September 2024 | 12 replies
You could pull out cash tax-free and still benefit from depreciation and other deductions on the rental side, which could reduce your tax liability.Quick Tax Comparison:Selling:Capital Gain: $160,000Tax Due: ~$32,000 (at 20%)Net After Tax: ~$128,000Refinancing:Loan Amount: ~$263,500 (at 62% LTV)Tax Impact: None on the cash-outRental Deductions: Continue benefiting from depreciation and mortgage interest deductions.Refinancing offers liquidity without the immediate tax hit and lets you maintain rental income, making it potentially more advantageous.All of these are rough numbers of course, but just some different ways to think about it!
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30 September 2024 | 8 replies
What type of real estate are you purchasing in CA and most importantly can you articulate the dispute you believe will rise to the level (with appropriate standing) to be litigated and benefit from being litigated in DE?
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23 September 2024 | 1 reply
If I invest a multifamily through a Roth IRA, will I still receive the same tax benefits as I would with personal cash when I file my tax return?
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29 September 2024 | 9 replies
You need to account for debt paydown, tax benefits, and depreciation as well. 2.
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27 September 2024 | 18 replies
It seems the US has more tax benefits in Real Estate than Canada (I'm not sure) - How can I take advantage of it while residing in Canada?
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27 September 2024 | 1 reply
This approach allows you to manage the property closely, benefit from homeowner loan terms, and potentially increase its value with improvements before renting it out.As you transition the townhouse to a rental, ensure the rent covers all expenses and provides a profit.
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1 October 2024 | 29 replies
If you do not sell all units you can benefit from the capital gains tax.
29 September 2024 | 4 replies
It will familiarize you with the basic terminology and benefits.