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26 January 2025 | 33 replies
Hopefully, if you are reading this, you will not be lured to actually invest without diving much deeper into how any capital raiser or direct sponsor actually goes about creating that return.
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13 January 2025 | 2 replies
If you need to, it may be worth it to just create a website - its really not that expensive to get a basic one from fiverr
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24 January 2025 | 8 replies
Splitting the gift across multiple years may reduce immediate tax reporting but requires appraisals, legal documentation and proper structuring.If the house is highly appreciated, holding it for inheritance may be more tax-efficient because the recipient would receive a stepped-up basis to the FMV at the time of your passing, eliminating much of the capital gains tax liability.This post does not create a CPA-Client relationship.
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22 January 2025 | 4 replies
Consult a CPA or estate attorney to ensure compliance.This post does not create a CPA-Client relationship.
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5 February 2025 | 16 replies
Creating a website or social media presence highlighting your lending criteria can also help attract potential borrowers.6.
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6 February 2025 | 10 replies
However, you can defer taxes under §1033 involuntary conversion if you elect to reinvest the proceeds into a similar rental property within two years (three years if the government condemns the property or threatens to do so, and four years for a principal residence in a federally declared disaster area).To reduce taxable gain, consider:Electing §1033 treatment and reinvesting the full $300K into a new rental property to defer taxes completely.Partial reinvestment, where only the portion not reinvested is taxable.Properly documenting all replacement costs and property details to ensure IRS compliance.Using cost segregation on the new property to accelerate depreciation and offset future taxable income.Since the §1033 election must be made, consult a tax professional to ensure compliance and maximize deferral benefits.This post does not create a CPA-Client relationship.
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24 January 2025 | 6 replies
It seems like the perfect place, BiggerPockets, for finding people who are like-minded, asking them questions, and learning how to become a future investor.I believe that no matter how unforgiving the market may seem, the right tools, knowledge, and preparation can help minimize risk and create opportunities.
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31 January 2025 | 46 replies
I corrected it and then clicked post and found when it prompted me to create a longer headline it also 'reset' my category so it posted to the wrong category and it won't let me edit it :(
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14 January 2025 | 3 replies
Check out FilePlace, where user-created forms are available for free.
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22 January 2025 | 9 replies
The area’s limited number of apartment buildings means that many renters prefer single-family properties, creating steady demand for these homes.Happy to chat further if needed.