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21 August 2024 | 4 replies
How do you ensure that both the referrer and the client benefit from the program?
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20 August 2024 | 8 replies
In your opinion, what are the benefits and risks of private money lending compared to traditional financing?
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21 August 2024 | 7 replies
Each LLC can have a separate agreement, but the IRS will scrutinize this, so keep everything above board to avoid issues.Tax Implications: This arrangement could allow you to shift income and claim home office deductions, but it needs to be done carefully to avoid triggering any red flags with the IRS.Renting a Car to Your LLCs:Renting your car to your LLCs can also offer some tax benefits, such as shifting income and potentially deducting expenses like mileage and depreciation.
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21 August 2024 | 28 replies
Income may be realized, therefore, in the form of services, meals, accommodations, or other property or in-kind benefits, as well as in cash.In your example however, we're not merely dealing with a timing difference.
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21 August 2024 | 18 replies
Annual adjustments: These income thresholds and premium amounts are adjusted annually.It's important to note that various types of income can affect your MAGI, including wages, Social Security benefits, pension payments, and even tax-exempt interest from municipal bonds.
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21 August 2024 | 4 replies
I feel I would really benefit the kind of investor who wants to flip a property but doesn’t want to deal with project management or teach themselves about construction to make sure all the work is being done correctly.
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21 August 2024 | 6 replies
I still manage my own properties, and there are so many intangible benefits to learning the ins and outs.
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21 August 2024 | 23 replies
Moreover, Memphis has a supportive community for veterans, which could offer additional resources and networks to support your investment journey.Since you mentioned not wanting to handle property management yourself, there are reputable property management companies in Memphis that can handle those responsibilities, allowing you to enjoy the benefits of rental income without the day-to-day management tasks.Balancing the purchase of your primary residence with your investment goals is a prudent approach.
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20 August 2024 | 15 replies
I don’t know if I should keep pumping up the numbers in my 401k and getting the tax benefits, or lower my contributions and out money into a high interest savings account for my next down payment
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21 August 2024 | 5 replies
They provide passive income, tax benefits, and appreciation over time.