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1 November 2024 | 48 replies
Technically, the IRS could pursue the Substance over Form doctine if they believed this was all done for tax avoidance in pre planned steps.
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27 October 2024 | 7 replies
I try to avoid those people.
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29 October 2024 | 9 replies
I acknowledged avoiding personal days, but neglected to mention the 14 day rule.
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29 October 2024 | 11 replies
Just be sure you fully understand the process to avoid any mistakes.When picking a firm, make sure to go with a reputable one.
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28 October 2024 | 7 replies
Staying up-to-date on these laws is crucial to avoid costly legal issues and fines.
30 October 2024 | 94 replies
Leverage private lenders and seller financing to avoid draining cash reserves.
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28 October 2024 | 34 replies
If you don't have time, at least say whether you agree that depreciation recapture after cost segregation is automatically avoided/deferred in a 1031.
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28 October 2024 | 30 replies
After the sale of the company, we have:9-15 months of personal expenses in savings to live off ofStart with $100k cash and do micro flips to avoid the risk of a hard money lender and losing our tail if something doesn't go right or sell quick enoughOnce the house sells, reinvest all the cash back into the next flip and continue doing this until we are doing multiple flips at a time (he can manage 4 large projects at a time by himself, so we assume up to 4 active flips at a time eventually)Pros of doing this:No longer having to manage W2 employees/operations (this used to be my role but now that we have kids I want to stay home, not do this)Getting a larger chunk of cash to start flipping quicker vs waiting 1+ years to save enough cash for the first flipUsing cash reduces our risk of losing money with a hard money lender if the project takes longer to sell, rehab, etc.
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26 October 2024 | 10 replies
To avoid this, some GP's find it worthwhile to spend more of their time, energy and resources on raising equity in smaller increments.
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25 October 2024 | 8 replies
Seems like your tenant was trying to avoid the $147 fee, otherwise, why would the trailer be parked away from the house.