
12 March 2024 | 1 reply
Pay her consideration and record a Memorandum in the county of the property.

12 March 2024 | 17 replies
He said that transferring my properties from my name to an LLC would trigger the due on sale clause.

13 March 2024 | 8 replies
You need a strong operator / builder / agent / developer to look at all of these considerations and to have studied the market or you have to do it yourself.

13 March 2024 | 17 replies
How does that work, how difficult is it, what are the considerations?

13 March 2024 | 26 replies
It's a complete guide to all the key considerations you will need to make and the provisions you'll have to include to ensure your loan is safe and secure.

12 March 2024 | 4 replies
General considerations include:Income Taxes- Report rental income, distinguishing between short-term and long-term rentals.- Utilize depreciation deductions to reduce taxable income.- Understand passive activity loss rules limiting deduction of losses from passive activities.Capital Gains Taxes- Be aware of tax implications when selling property, considering short-term and long-term rates.- Explore strategies like 1031 exchanges to defer capital gains taxes.Deductions and Expenses- Know eligible deductions: mortgage interest, property taxes, insurance, maintenance, and management fees.- Maintain detailed records of all real estate-related expenses.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

12 March 2024 | 1 reply
Also, after making the deal, what are some other elements I need to take into consideration to be prepared?

11 March 2024 | 17 replies
How did you get over that and pull the trigger - or know that it's best to walk away?

13 March 2024 | 11 replies
This is not for everybody, but figured it could be given consideration!

12 March 2024 | 3 replies
Hatch for roof access.The landing on the third floor could (technically) easily be extended onto the roof - but realize there are code/safety considerations around that.