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28 January 2025 | 6 replies
Intangible assets like goodwill or tangible personal property (e.g., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.
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26 January 2025 | 3 replies
We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.
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5 February 2025 | 5 replies
That will be the best spot to meet an investor friendly agent in person or at least meet other investors in your markets that can help connect you to the right agents.
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29 January 2025 | 68 replies
They not only went to our office, but also the personal residences of myself and Kevin Bupp.
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10 February 2025 | 3 replies
A couple strategies that could make sense for a younger person without experience could be a live-in flip or a house hack.
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27 January 2025 | 11 replies
Probably not a good person to hire, maybe let your bosses know.
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21 January 2025 | 7 replies
If someone injures themselves and sues, they will be suing the LLC and not you personally.
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11 February 2025 | 16 replies
If it crashes hard enough, it impacts your personal finances, your relationships, and even your mental/physical health.With the exceptions of politicians and so-called charities, building wealth typically requires sacrifice and time.
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6 February 2025 | 5 replies
Providing for the disposition of certain personal property following an eviction.
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24 January 2025 | 8 replies
Private money and personal funds.