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11 February 2025 | 29 replies
As a new realtor (and student) you probably make below 80% median income which might help you qualify.I work with Finger Lakes Federal Credit Union (for my primary) and Lyons National Bank (for my investments), both will probably be able to help you navigating downpayment assistance and your situation.
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16 January 2025 | 12 replies
Hi Angus, A cash-out refinance is typically not considered a taxable event for businesses since the borrowed funds are regarded as liabilities owed to the lender.
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23 January 2025 | 30 replies
I will update my reports to federal law enforcement about these activities once I have completed debunking all of his new claims.
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19 January 2025 | 42 replies
Again, the LLC does nothing except own public securities.Here is the relevant language:Exclusion From Partnership RulesCertain partnerships that do not actively conduct a business can choose to be completely or partially excluded from being treated as partnerships for federal income tax purposes.
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12 January 2025 | 13 replies
Transferring a property title later could be deemed a taxable gift if it exceeds the annual exclusion ($17,000 for 2024).
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5 February 2025 | 10 replies
Also a federal suit...I was Denied a religous exemption despite being a clergy member.
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17 January 2025 | 1 reply
Here's why:The Multi-State Chess Game:• Client had properties in 3 states• Each state has different deadlines to assess taxes• Federal changes trigger automatic state assessments• Timing the response saved $45K in state taxes🏠 Real Estate Investor Pro Tip:States can't assess back taxes if their statute of limitations expires before federal changes finalize.
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23 January 2025 | 165 replies
But it sure seems like as long as the federal government keeps bailing them out no policies will ever change.
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18 February 2025 | 16 replies
In addition, there are many tax advantages to owning real estate that could off set your taxable income.
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14 January 2025 | 5 replies
Landlocked property9. former Chromium factory10.Multiple properties with multi-million Federal Tax Liens11.