Clarase Mika
Did You Know You Can Purchase Property in Germany With Only 5-10% Down? Here’s How
24 January 2025 | 0 replies
.- Property Transfer Tax (Grunderwerbsteuer): 3.5-6.5%, depending on the region- Land Registration Fees: Approximately 0.5-1.5%.- Realtor Fees: As mentioned, these range from 3-7% of the purchase price, plus VAT.Benefits for Service Members- Equity Building: Owning property builds equity over time, providing long-term financial security.- Strong Rental Potential: If reassigned, you can rent the property out in Germany high-demand rental market.- Tax Advantages: Germany offers tax deductions for property owners, which can help offset some costs.Key TakeawaysService members have a unique opportunity to buy property in Germany with minimal upfront costs.
Julio Gonzalez
Cost Segregation Study on SFH in Iowa
22 January 2025 | 0 replies
The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.
Alecia Loveless
Referral Fee Question
6 January 2025 | 3 replies
New tenant must go through complete vetting, sign the lease, pay security deposit and rent, and move in, prior to the referring tenant getting their $100.
Julio Gonzalez
Cost Segregation FAQ
31 December 2024 | 3 replies
Do they include energy tax benefits within their study?
Chris Clarkson
Selling business/building and want to reinvest into real estate
17 January 2025 | 11 replies
This will also allow you to avoid taxes on the sale.
Christina Galdieri
1031 Exchange into multiple properties?
27 January 2025 | 6 replies
To defer all tax you must purchase in total at least as much as your net sale.
Jason Lopez
Do I need an LLC for my rentals?
23 January 2025 | 8 replies
Forming an LLC for your rental property can offer liability protection, but no real tax benefit.
Scott Johnson
Scammed by "Estate Legal"
30 January 2025 | 17 replies
As I stated above, please exercise caution and make sure fully executed documents are received prior to wiring funds.
Alec Jacobs
What bank account should I use for my rental property?
29 January 2025 | 4 replies
Keeping clean records from day one really helps when tax season rolls around.
Michael Plaks
RANT: Preparing/Planning/Guessing for the 2nd Trump Tax Plan
19 December 2024 | 13 replies
I could also see 15% corp tax and the whole no tax on tips thing.