
27 January 2025 | 35 replies
My tax advisor referred me to them, and I also utilized cost segregation on the properties, which significantly reduced my tax bills.

26 January 2025 | 2 replies
Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.

6 February 2025 | 13 replies
Quote from @Bill B.: Let her sell it as she won’t have a taxable gain which you will have if she gives it to you and you sell.

17 January 2025 | 4 replies
The only thing that sounds out of the ordinary here is the water bill

30 January 2025 | 19 replies
And the really messed up ones, they don't even give a landlord an option, per fine print in contract, they just go out and do whatever and send a bill after the fact.

24 January 2025 | 11 replies
In my experience, 75% of the time, the tax payer doesn't have a large enough liability to justify the accelerated depreciation anyhow- depending on your income and tax bill, it might not matter at all.

10 February 2025 | 21 replies
Which in a way, is fair, but I believe this is their loop hole to only fund the low hanging fruit deals, and stick people with a bill of 4-7k and a property search app that isn’t that good in the first place. anyway, I am always looking to connect, dining the next project, and get it funded!

21 February 2025 | 102 replies
They are also doing the same crooked billing for tenants.

25 January 2025 | 15 replies
They have failed to renew my entities with the Secretaries of State multiple times, have billed me wrong amounts, and GREATEST OF ALL, have cost my business ~$50K in cumulative TAX PENALTIES due to negligence in filing for a tax extension, failing to walk me through my tax filings and needed payments, and failing to file an abatement promptly.

11 February 2025 | 16 replies
Basically 75% of the total rents need to cover all the bills.