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27 February 2025 | 1 reply
Once you get a mortgage later, that home would have to be bought personally since only people can get mortgages.
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25 February 2025 | 13 replies
So, you know, fundamentally change my outlook and approach to life...I'll let you know when that happens.Our mid term rentals have been better for personal use.
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26 February 2025 | 4 replies
My office manager tracks them on a spread sheet but personally I don't think that is necessary if you have good key box inventory.
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28 February 2025 | 1 reply
In general I say its a personal preference and there is no right or wrong here, just what works best for you.
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24 February 2025 | 13 replies
Personally I think both are important.
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28 February 2025 | 26 replies
If you build to 50 at some point, you can hire a part-time or later full-time person to manage as you grow.
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25 February 2025 | 2 replies
Just not a big fan of the ups and downs personally
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24 February 2025 | 3 replies
I have purchased many homes in the past as personal residences and always with the help of an agent.
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27 February 2025 | 11 replies
I use quicken for personal and WAVE for my businesses.
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20 February 2025 | 8 replies
Intangible assets like goodwill or tangible personal property (e.g., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.