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11 August 2024 | 99 replies
LLC orS-Corp.Don't be in the wrong type ofentityFirst – Asset protectionbenefitSecond – Tax savings benefit Rental Real Estate – 1031(same in LLC or personal name)Syndicate - 15% or more in taxsavings, self-employment tax (flippers may use this) Expenses for write off &deductions: equipment & appliances, home-office ($5 per sq ft.), travel costs (related tobusiness), kids (income shifting by payingthem to work for you, meaning business related), membership, conferences &education, meal expenses for business, retirement strategies (selfdirected investing, tax-free or tax deducted, 401K/IRA)depreciation Pro-active Planning / Get a taxadviser Talk to your tax adviser inadvance Fire OutOrganize expenses, listquestions, changes (buy, sell, etc. properties.)Changing entity type from LLC toS-Corp etc.
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8 August 2024 | 5 replies
They also do not work in a timely fashion so if it’s a rental that could be a problemJust food for thoughtFor us what we make sure we do is service and maintain our equipment like hvac and appliances which often leads to longer life spans
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7 August 2024 | 3 replies
The sellers let us in but did not say anything until we had equipment torn out.
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9 August 2024 | 47 replies
I have a responsibility to protect them from identity theft.If you are a Property Manager, you should only share the minimum and keep it generic.
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7 August 2024 | 2 replies
You agree to be solely responsible for items that are damaged or damage that is done to power equipment from those items during lawn service.
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5 August 2024 | 4 replies
So while I can't claim to speak for every financial institution out there, it's a very broad survey, finding an option not contained there might involve making quite a few phone calls.When I see 30 year fixed, 30 year amortization, 30 year maturity (basically, identical terms to a consumer-friendly kid-gloves home loan), which does in fact pop up if I specifically search for it, it's almost always at a rather high interest rate, and the borrower doesn't opt for it.
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4 August 2024 | 12 replies
Anyone who is a first time home buyer, likely isn't equipped with a downpayment or a solid profile right now in a precarious time as unemployment ticks up.
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7 August 2024 | 32 replies
Historically real estate and markets are nearly identical over a long period of time.
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3 August 2024 | 7 replies
I second a good side hustle and have spent some money utilizing a real estate photographer which is one way to get going and making good money with only about $700 worth of equipment.
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2 August 2024 | 5 replies
Howdy @Jeff StevensonWhile I don't have experience yet with that specific strategy and do not know anything about your business organization, I also am just starting out and this is very similar but not exactly identical to advice I recently received from a qualified professional.Other things to consider,1.