Depending on the loan amount for the new property, roughly a little over half of the gain could be deferred through the exchange.Without a 1031, they’ll face taxes on the entire gain, including federal capital gains tax (likely 15% based on their income), California state tax, and depreciation recapture, potentially totaling $130-150K.

Sorting through all the sub-600 FICO score applicants, dealing with nonpaying tenants who are always breaking things and more, doesn't seem to be compatible with the flat fee model.Be interested to know of any flat fee PMC's successfully making it happen with Class C & D properties/tenants...

I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?

The reality is most financially independent people went through a decade + of working 60-80 hours a week.

That’s half the cost of Prime’s reduced rate.2nd, like everyone is saying, the cost of setting up and LLC is less than $100… closer to $50… if you just do it yourself through the state (not complicated).3rd, if you want someone to help you draft your operating agreement, hire a local real estate attorney and it will be significantly cheaper than $1660… probably cheaper than $550.4th, if you want someone to do your taxes and help you get your max deductions - talk to a CPA who specializes in real estate and they can review your operating agreement to see if you’re setting yourself up properly, and they can do your regular taxes… and be cheaper than Prime. 5th, a separate CPA can work with you regularly to review your investments and strategies to determine good tax strategies as you look to execute any deals. 6th - don’t lock yourself into a crazy subscription model before you start making money!!!

Let’s hope that guaranteed protection comes through.

Personal loans through the credit card companies can be approved and fund very quickly and my best rate is 7.9% so shop around as some are much higher.

Listening to YouTube big shots that have great advice on professional ways to handle problematic guests ( most are great but everyone will get bad apples), staying at the property when you have an open window of time and actually get the guest experience (this is critical), and looking at your click thru and conversion rates to get a good baseline.There is way more work to running an STR than a LTR.

I am a big believer in time and space creating more opportunities to make money in different ways, through passion projects or something you really love.

They always make sure to have line(s) of credit to get them through challenging periods.