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Results (10,000+)
David Chance Selling my rentals - Tax ramifications
21 August 2024 | 18 replies
If you’re working with a tax professional ask them to do a tax projection for you with one scenario assuming you sell all 5 today and the other assuming you only sold 2 today.With the tax projection you’ll now have a good estimate of what your tax situation will look like and can make decision based on that.Maybe you can consider selling your portfolio and doing an installment sale, this won’t help on the depreciation recapture but it would help spread the gain over multiple years.Each strategy has pros and cons, if you want to rip the bandaid off an be done cold turkey (or warm turkey if you’re into that) there most likely will be a large tax hit but less headache holding them longer.
Katie Rother BRRRR with ADU Potential
20 August 2024 | 0 replies
Rechecking orders, our window company miscounted the windows and forgot one, so we had a delay in the last window install, by 3-4 weeks.
Ryan McKinney Fix & Flip
20 August 2024 | 2 replies
We installed an interior French drain system in the basement, because we knew that the neighborhood is prone to water intrusion.
Cooper B. Clarification on Right of Redemption in Alabama
20 August 2024 | 50 replies
In saying that, the redemption period only exists if proper notice is actually given to the IRS by the foreclosing trustee.
Katie Rother BRRRR with ADU Potential
20 August 2024 | 0 replies
Rechecking orders, our window company miscounted the windows and forgot one, so we had a delay in the last window install, by 3-4 weeks.
Shrey A. Resources for investing in Canada
22 August 2024 | 53 replies
He goes into detail on how to properly screen potential team members to find the best ones.All the best!
Rahel Ketema HVAC vs Mini split system
18 August 2024 | 28 replies
It has worked so well I installed another one this year and plan to install one every year in the remaining units.
Edwin Lopez Managing gross income from business
21 August 2024 | 3 replies
Operating Expenses (30-35% of Income)Rule of Thumb: Allocate 30-35% of your rental income to cover operating expenses such as property management fees, maintenance, repairs, utilities, and insurance.Why: Properly budgeting for these expenses will keep your properties well-maintained and avoid unexpected financial strain.3.
James McGovern Boston and New York Investors Losing their Shirts in the Hartford Market
20 August 2024 | 1 reply
Makes me wonder why more of them aren't making proper efforts to educate themselves on value and instead think that a house selling for say $250K is a great deal because it is much cheaper than houses where they are from.
Vitali Ganon Real Estate Investor in Jacksonville, Florida, Looking to Build a Professional Team!
21 August 2024 | 5 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊