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10 January 2025 | 16 replies
You'll want to enlist a CPA on this to assist you- Repeating the above for Cancun, since it's a vacation destination already, I'd almost guarantee you that you cannot write it off 100%In regards to travel, it's also important to remember that even if everything is used 100% for business, the IRS classifies business expenses being valid if they're "ordinary and necessary".
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29 December 2024 | 7 replies
There's a FB group and a webpage.
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12 January 2025 | 185 replies
I guarantee it won't catch anything.
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11 January 2025 | 12 replies
I guarantee most will point to someone else for the overage.
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23 February 2025 | 246 replies
Here are the biggest mistaken assumption unsophisticated investors make when contemplating an investment in a deal1- that the Sponsor is an expert in the field of investment2- that investments, economic markets, financial markets are predictable with any accuracy3- that PROJECTED returns are PROMISED / GUARANTEED returns4- that because they NEED their investment to be liquid the sponsor will provide said liquidity5- that the “deal” is more important than the sponsor.
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10 January 2025 | 13 replies
It's no guarantee but it's a good place to start.
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22 February 2025 | 109 replies
My two cents, stay away from syndications for now for a long time, I may never enter into them ever again but that is me. syndication is actually buying and selling cap rate, cap rates currently went down 200 bps so whatever they do it's guaranteed they would lose money.one biggest issue with syndicator is during 2021 (low interest rate era) they purchase very low cap asset with floating debt while CPE is increasing, that's suicidal if they know a bit of macroeconomics.sorry guys....
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6 January 2025 | 9 replies
Focus on finding a replacement with strong tenant screening processes and performance guarantees.
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4 January 2025 | 11 replies
I'm not sure if we can like to articles on our own websites here, so to be safe I'll just suggest the IRS web page, which does do a pretty good job of explaining the basics: https://www.irs.gov/taxtopics/tc510The main thing to know if you're going to claim business miles is that you do need to keep a log of every business trip.
3 January 2025 | 2 replies
Pros - guaranteed rent, tenants stay longer on averageCons - more mgmt needed (lease violations), they tend to not take great care of properties (increase maintenance expense or deferred maintenance)