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20 August 2024 | 8 replies
Consider paying down the high-interest debt strategically if it outweighs the potential returns from new investments.Additionally, understanding Real Estate Professional Status (REPS) and Short-Term Rental (STR) tax savings can significantly reduce your tax bill while building your portfolio, enhancing your overall financial strategy.
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18 August 2024 | 1 reply
For reference, my clients understand what is happening, and are signing Exclusive Buyer Rep Agreements.
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20 August 2024 | 21 replies
@Greg Friedman already a lot of great feedback on the thread.There are some tax benefits to self-managing depending on your level of participation and REPs
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16 August 2024 | 5 replies
Next year with my pension only I am in the 22% tax bracket but also will have more passive deductions with 2 properties, REP status and cost segregation on both.
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15 August 2024 | 4 replies
Contact a Section 8 representative, preferably whoever your tenant's rep is if they have one.
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20 August 2024 | 81 replies
And keep in mind, those others had a profit motive for seeing it appraise as it did, they were not impartial.
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14 August 2024 | 19 replies
He's impartial and is a great resource for all real estate investors and service providers - and it's fair to say he can be the same for you.
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16 August 2024 | 19 replies
Once you qualify for REPS, your current losses are unlocked but your past suspended losses remain locked.
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19 August 2024 | 46 replies
@James McGovern and now that the DOJ has gotten involved in our business that Rep agreement needs to be signed ( well it always should have, but now dates will be verified ) so yes if you want to work with a professional Realtor that little document is part of the process.
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15 August 2024 | 9 replies
Right now she'd struggle to meet the 750 hour requirement for REPS.