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7 January 2025 | 3 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
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11 February 2025 | 7 replies
You are converting their tax free gain in to a taxable gain.
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6 February 2025 | 16 replies
Feel free to send me a message with any questions if I can help!
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12 February 2025 | 4 replies
However, corporate conversions can still trigger taxes, especially if the properties have appreciated significantly.Corporate Spin-Offs (If Eligible) – A Section 355 tax-free spin-off could separate real estate holdings into multiple entities owned by different investors.
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1 February 2025 | 3 replies
If you have any specific questions feel free to reach out I am always happy to help other BP members.
12 February 2025 | 0 replies
They said I'd be free and clear and account will be closed.
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4 February 2025 | 6 replies
I'd check local STR FB groups and see if you have a local Real Estate Club.You can offer your services there, maybe for free in exchange for the experience.
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10 February 2025 | 6 replies
Or sell using the 1031 exchange along with a partial 121 primary residence exemption There is a way you could take advantage of the 121 primary residence exclusion allowing you to take the first $250k of the gain tax free ($500k if married) and qualify for a 1031 exchange.Say you purchase a property as your primary residence (house hack extra rooms for extra income) and lived there for two years while stationed there.
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7 January 2025 | 3 replies
We track multiple disregarded entities using the location feature and multiple properties using the customer feature (units can be tracked as sub-customers).