
25 October 2024 | 1 reply
I am a property manager and am reaching out to self-managing STR property owners to learn how others handle their tax remittances.

30 October 2024 | 1 reply
If you are interested, you can request to meet with them and/or submit an LOI detailing your offer on price, financing options, terms, and other items related to the purchase.If accepted, request Tax Returns for this business, and have an Accountant(reach out to me if you are looking for help with the Analytics of a business purchase) compare their financials to the Tax Return.

29 October 2024 | 6 replies
Additionally, check with your CPA for any tax implications, even if you don't expect capital gains.

30 October 2024 | 11 replies
Yes, I know I will lose some of the tax benefits by doing so; but owning something out right sounds appealing to me.

3 November 2024 | 24 replies
And most will be able to pay the taxes when they come due, and put on a new roof, and put on a new coat of paint.As well as replace the carpets, cut the grass on a regular basis, replace the windows, reseal the chimneys when the liners crack, etc..It's unlikely that that these homes will fall into the slum category in 10 years or so, and make the asset underlying the loan virtually worthless.Or just vanish when the place starts to fall apart too much, due to no down-payment (no skin in the game 100% loans).Said the lawmakers who approved this.

29 October 2024 | 12 replies
These investors aren't buying for the tax savings.

29 October 2024 | 9 replies
gross income is usually all money coming in, before any taxes and fees. $$$ after taxes and fees is Net income

29 October 2024 | 21 replies
Let's say you make $20,000 in income from that basis, which of course grows tax-free.

30 October 2024 | 22 replies
And of course factoring in insurance and taxes.

31 October 2024 | 25 replies
And some of my SoJACs got so jacked up that I let them go for tax's or the city bulldozed them.