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19 February 2025 | 2 replies
Alternatively, in a QBO Simple Start or Essentials subscription, if seeing profitability by property is important, you could still structure your chart of accounts to reflect each home, though your P&L will be a bit more lengthy & harder to digest.If you have any questions, feel free to reach out, happy to walk you through the pros & cons of QuickBooks options!
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21 February 2025 | 4 replies
A revocable living trust is another option for privacy and asset protection.Avoid gifting the property before death, as this would pass the original purchase price as the cost basis, creating a large capital gains tax liability upon sale.If the property is Subject A’s homestead, ensure the correct titling to maintain Florida’s homestead protection for Subject B.This post does not create a CPA-Client relationship.
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16 February 2025 | 2 replies
Agricultural land and property suitable for residential development seem like safe options to me.
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12 February 2025 | 3 replies
Please send me a message and I'll provide a few options.
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12 February 2025 | 6 replies
The land, however, may appreciate, which can offset this.If you’re in an area where affordable housing is in high demand, mobile home rentals can be an excellent option, especially since you already have the land.
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13 January 2025 | 6 replies
The more cash on hand the more options.
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19 February 2025 | 29 replies
Detroit would be a solid option if you're strategy involves a little more risk for potentially higher cash flow.
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24 February 2025 | 4 replies
Your other option is to test it out and see if you can make it work.
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23 February 2025 | 5 replies
My current options: rent out the current 4 bed 2 bath house that I own and live in so I could move into the 300k house and remodel while I live in it.
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10 February 2025 | 5 replies
You can customize including organic food and they have options for both make it yourself (like HelloFresh) with recipes and also made for you.