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9 August 2024 | 4 replies
It will familiarize you with the basic terminology and benefits.
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9 August 2024 | 4 replies
If rates do drop, you could face higher property costs, potentially negating the benefit of the lower rate.
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8 August 2024 | 2 replies
It’s more of a benefit to the tenants than a money maker.
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9 August 2024 | 14 replies
The added rate adjustments of the term and IO period usually negate the benefits (or many of them).
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11 August 2024 | 99 replies
LLC orS-Corp.Don't be in the wrong type ofentityFirst – Asset protectionbenefitSecond – Tax savings benefit Rental Real Estate – 1031(same in LLC or personal name)Syndicate - 15% or more in taxsavings, self-employment tax (flippers may use this) Expenses for write off &deductions: equipment & appliances, home-office ($5 per sq ft.), travel costs (related tobusiness), kids (income shifting by payingthem to work for you, meaning business related), membership, conferences &education, meal expenses for business, retirement strategies (selfdirected investing, tax-free or tax deducted, 401K/IRA)depreciation Pro-active Planning / Get a taxadviser Talk to your tax adviser inadvance Fire OutOrganize expenses, listquestions, changes (buy, sell, etc. properties.)Changing entity type from LLC toS-Corp etc.
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8 August 2024 | 4 replies
Also some extra logging and annual fee.Does this give me any extra benefits?
9 August 2024 | 7 replies
Any fees they're charging you need to stop until there's a new tenant and if you have an account with the management company, ask for a credit.After remediation is underway and insurance claims have started, you can see about an attorney and do a cost/benefit on whether it's worth it to go after the contractor.
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8 August 2024 | 7 replies
You'll benefit from appreciation and more loan amortization over time.
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8 August 2024 | 22 replies
I came in direct contact with Sief when he was starting Techvestor.
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9 August 2024 | 16 replies
Do you no longer want to hold it for 10+ years to benefit from the appreciation?