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8 January 2025 | 14 replies
You might even want to setup a C-Corp (for tax and liability reasons as well) to manage the business with the guests and pay rent to your LLC.
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12 January 2025 | 6 replies
After closing, when the property taxes were due I never received any bill.
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30 January 2025 | 45 replies
Most on this forum can't even come up with a downpayment, you can't expect them to ride HOI/tax increases, vacanices, etc., with lower leverage and less cash flow on a property.
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16 January 2025 | 6 replies
If I can park the 388k ($415-27k) for one year at CD rate of 4.5% and then est 300k (after paying cap gain/depr recap) at 3.0% (assume CD rates lower) that interest income of about 24 months net of ordinary income tax is about the same as my current mortgage.Trying to play devil's advocate and think why selling this year does not make sense.
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9 January 2025 | 6 replies
You can put your license in referral at most brokerages and pay no fees and still be able to do referral business.
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28 December 2024 | 1 reply
I've seen it with my own eyes, my real estate ventures have hit the jackpot thanks to these tactics.Now, let's dive into boosting that revenue through clever fees and rebranding.Charging appropriate fees during the application and move-in process is essential.
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2 January 2025 | 12 replies
Quote from @Briley Roe: yes those fees are very high as you have a broker fee and other fees for a loan little over $100k at 6+ points.
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11 January 2025 | 7 replies
The 1031 exchange will indefinitely defer all tax on profit and all depreciation recapture.
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15 January 2025 | 10 replies
Never invest in any city on this list of the 50 most dangerous US cities.Low operating costs: High operating costs are one of the driving factors for many companies, leaving states with high taxes, regulations, and other costs.
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13 January 2025 | 5 replies
If you provide any kind of substantial services like catering, car service, etc you will change you tax situation and no longer can file under Schedule E.