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16 December 2024 | 9 replies
Have a good CPA to help come tax time.
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15 December 2024 | 30 replies
My property tax increases have been 17% for both homes (no Proposition 13 like in CA with our max of 2% increase).
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17 December 2024 | 7 replies
Or stay a second year and sell tax free.
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31 December 2024 | 66 replies
And issue them a 1099 which verifies their EIN# as well as relieves you from paying tax on the $ you pay them.
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12 December 2024 | 7 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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14 December 2024 | 0 replies
I'd like to not "find out the hard way" if one of these sites are not a good match for me.The ones I'm considering are Propstream, Property Radar, ListSource, and PropwireSomething to note, I am looking to return to doing some wholesale deals, using criteria such as absentee owner, out of state owner, tax delinquent, vacant, liens, and pre-foreclosure..
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13 December 2024 | 35 replies
@Andy LanyiGood comments on how to reduce tax bill.
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12 December 2024 | 6 replies
@Monica Juarez-Gonzales Cost Seg and Solo 401k are both great tax and financial tools!
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14 December 2024 | 6 replies
They can guide you on tax advantages, asset protection, and multi-state strategies.A HELOC is a smart way to leverage your equity—ensure your financing structure aligns with your long-term goals.Since you plan to add multiple properties annually, consider setting up bookkeeping and financial tracking systems early to streamline your operations.Best of luck with your BRRRR journey—it sounds like you’re off to a strong start!
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12 December 2024 | 9 replies
If you were to buy a similar home, the interest and property taxes alone may amount to that much, which, in my opinion, is a waste of money as well.