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9 January 2025 | 20 replies
We all do the same thing, we just call ourselves different names and carry similar but different licenses:- CPA - Certified Public Accountant- EA - Enrolled Agent - Accountant - Tax advisor - Tax strategist- Tax consultant - Tax plannerIt all means basically the same.
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15 January 2025 | 4 replies
If you aren't familiar with Baltimore, I would suggest it's a hard no and say that you are trying too hard to make cash flow happen talking Baltimore and tax liens and auctions.
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15 January 2025 | 5 replies
And it can work really well for you as long as you pay attention to the statute requirements.In order to defer all tax you are selling investment real estate and buying investment real estate of at least the same value you sold.
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21 January 2025 | 18 replies
Additionally, most servicers will provide the tax documents needed at end of year (1099-INT, 1098-INT) and can also issue notices of NSF, late payments and support delinquency /default.
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21 January 2025 | 4 replies
Property taxes are 2% instead of 1% for landlords as a general rule (some districts may be slightly higher).
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24 February 2025 | 37 replies
This is lower than usual though.Not complaining, just find it interesting.
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22 January 2025 | 12 replies
You can take any proceeds tax free and roll into a different investment.
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21 February 2025 | 182 replies
Not sure if that’s because I’m lower in the pecking order or if they are telling all investors it will be the later date.I’m also concerned with the potential impact on building costs.
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16 January 2025 | 3 replies
FHA loans can be a good option here, allowing you to put down a lower down payment.## NetworkingNetworking is key in real estate investing.
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7 January 2025 | 3 replies
If you only have one LLC and don’t need entity tracking, you could get a lower subscription and categorize your properties as ‘customers’, then units and tenants would be sub-customers.Simple Start would allow you to invoice your tenants (if desired through QBO) and produce basic reports.