
11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.

20 January 2025 | 9 replies
I dont like any company personally that does not put their principals on their website as in meet the team.. ...

23 January 2025 | 16 replies
If the management fees stay in Sch-E, it is exposed to ordinary income both at Federal and state level, which is way higher than SE taxes of 9.55% (15.75-6.2 (personal social tax already maxed out)).2.

22 January 2025 | 4 replies
Personally I’ve got the majority of my assets in real estate.

20 January 2025 | 5 replies
In theory, you could QT the property to an LLC in your name and enter into a lease with you personally.

21 January 2025 | 74 replies
You can also read our current and past issues on our website or attend our in-person events around the nation to meet us in person.

23 January 2025 | 45 replies
Personally I think there are great opportunities in Dover, Somersworth and Rochester.

20 January 2025 | 6 replies
I personally spend about 50K a year in masterminds and always get my money back just through network of individuals you get access to.

21 January 2025 | 2 replies
You will never pay more tax in recapture than what you originally deferred, assuming your personal tax rate stays the same.

19 January 2025 | 42 replies
I can't just put the LLC's income directly into my joint personal tax return, right?