Kiran Asknani
New to STR market in Massachusetts
28 January 2025 | 14 replies
Can provide all the benefits from a cash flow and tax perspective.
Stefano Vrolijk
First investment property as a foreign citizen
12 January 2025 | 12 replies
You may also need to provide additional documentation, such as proof of income and employment, and may need to have a co-signer who is a U.S. citizen or permanent resident.In terms of buying with an LLC, it can be a good option for some foreign buyers, as it can provide additional liability protection and potentially offer tax benefits.
Tomoko Hale
A possible first STR property?
28 January 2025 | 29 replies
so I used 1.5% as a property tax number, and I used $200 mo for insurance.
Jorge Borges
Has anyone worked with Tardus Wealth Strategies?
15 January 2025 | 144 replies
I think you would need to account for that with each “flip” - does it?
Tim Hem
Capital Gains and IRS Publication 523
9 January 2025 | 9 replies
Take the tax free sec 121 first and then 1031 the leftover.
Anna Nickens
Advice for a Newbie
23 January 2025 | 5 replies
From my experience, mentorship can provide structure, accountability, and networking opportunities, but it often comes at a high cost.
Josh Duncan
Thoughts on 401K loans
8 January 2025 | 10 replies
So, it would then potentially cost you a penalty for early withdrawl and also income tax owed on it.
Stephanie Medina
How to leverage 401k accounts
27 December 2024 | 3 replies
The way I'm looking at it, if my spouse and I only do employer matching for the 10 years we would have more than enough in there and still 10 years out from being able to access it.I do plan on doing 401k loans for deals if the numbers check out, and I've considered rolling over some of our 401ks into roth IRAs to access our contributions but we'd have to pay taxes out of pocket (a big hit to cash flow) and we couldn't touch it for 5 years.
Jack Phillips
Best CRM to use in 2024?
26 January 2025 | 19 replies
Zoho Books, I am not using this as my partner uses it integrates nicely with CRM for book keeping and I could provide access to our CPA for Taxes.
Mayer M.
Real Estate Professional Status/Time Tracking
25 January 2025 | 91 replies
My accountant wants me to start doing this in the event of an audit being I’m starting larger projects and will be implementing cost segregation Thanks