
13 January 2025 | 6 replies
Real estate investment can be incredibly rewarding, between the cashflow, appreciation, and tax benefits, it truly is the greatest wealth creation tool.

15 January 2025 | 6 replies
If you're new to investing, keeping an eye on property taxes and HOA fees in this area is also key.

1 January 2025 | 5 replies
LLC, S-Corp, etc), to file their BOI Reports by the end of the year to avoid being penalized up to $10,000 per entity.

7 January 2025 | 22 replies
Note I strive to minimize cash flow because it gets taxed versus other RE return are easy to defer or avoid the taxes.

15 January 2025 | 10 replies
High taxes, a declining population, and an environment that is less than friendly to businesses are important factors to consider.

2 January 2025 | 10 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.

13 January 2025 | 1 reply
I use a spreadsheet I developed to determine my entry costs, carrying costs, cash flow, tax write offs, appreciation and exit costs.

2 January 2025 | 1 reply
Day traders are not exempt unless they elect mark-to-market (MTM) accounting, which eliminates wash sale tracking but taxes gains as ordinary income.To manage taxes, track trades closely, avoid overlapping purchases, or consider MTM election if trading actively.

11 January 2025 | 20 replies
I would avoid an above ground pool.

10 January 2025 | 4 replies
Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.