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5 February 2025 | 6 replies
I think I can open another personal checking account at the bank I already have and it'll be under my name but i'm trying to buy out of state rentals with an LLC I own.
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15 February 2025 | 3 replies
If @Drew Sygit doesn't have a local person for you, I have CFO clients in KC, MO that have used this firm: https://propertyvaluationservices.net/services/protest-taxes...
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9 February 2025 | 3 replies
Personal use - if you or your family used the property for personal purposes, you will need this to factored in.
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12 February 2025 | 2 replies
I've heard good things, but not personally worked with them.
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8 February 2025 | 6 replies
I think if you leverage 70% of it you’re going to seriously cut into your cash flow and personally if I was going to have $7M in debt I’d prefer it to be spread over several projects built slowly.
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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.
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3 February 2025 | 6 replies
Quote from @Amanda Dobbs: Is there a place to find Private Investors as in one person?
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10 February 2025 | 3 replies
Hard to say one way or another without knowing your personal finances, goals etc., but it seems like a good deal.
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18 February 2025 | 18 replies
It's led to incredibly high occupancy rate in the off-season, but I'd rather have a slightly lower occupancy rate in order to reduce wear and tear and leave some weekends open for personal use.I'm at a loss on what to do about this.
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18 February 2025 | 17 replies
I have purchased 3 STRs personally in the last 18 months and have closed on at least 25 for clients in the past 12 months.