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23 December 2024 | 6 replies
@Claude Diehl,You don't need a CPA or tax expert here; this is a straightforward transaction.
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24 December 2024 | 9 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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30 December 2024 | 89 replies
After this tax year, I will know exactly what I need to do to progress.
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26 December 2024 | 8 replies
Now, with taxes, insurance, and interest higher and rents not keeping up with property values, most investors are putting more down to get the properties above a 1.0X DSCR. 80% is acceptable, but the issue is getting the property to cash flow at the higher amount.
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24 December 2024 | 3 replies
Then I would have a little more equity and like you said at that point it would be a loan against an investment property which is tax deductible right?
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25 December 2024 | 6 replies
Property Taxes 11,000 yrly, insurance 4930 yrly.It falls short of the 1% and 20% rule.
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23 December 2024 | 15 replies
This is relevant for multiple reasons 1) appreciation is where the real wealth is generated in RE 2) real estate has tax advantages over cash flow 3) in CA property tax increase is capped.
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26 December 2024 | 14 replies
Let's see: You sell one property, and to avoid paying cap gains tax, you then reinvest those profits within 45 days into a larger "like kind" property.
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26 December 2024 | 3 replies
Moreover, local governments may offer new incentives to developers to keep interest alive during this pause, such as tax abatements or infrastructure investments.ConclusionWhile the BlueOval City delay has caused uncertainty, it hasn’t changed the long-term outlook for the region’s real estate.
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23 December 2024 | 7 replies
@Randall King If you find the property isn't performing well, a 1031 exchange would defer the tax and concentrate that equity into something that has a greater cash flow potential, like what @Corby Goade said.