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9 February 2025 | 8 replies
I have no personal experience with them but they are the only company I know of that are built more for self managers and small portfolios.
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3 February 2025 | 1 reply
I try not to let it get personal...there are some members that have been 'inappropriate' in the past, but I will still give them a vote if their post actually deserves it
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21 January 2025 | 4 replies
If you close with a conventional loan, it will need to be in your personal name.
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31 January 2025 | 0 replies
Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.
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1 February 2025 | 1 reply
The person leaving the trailer there is just to store it there.
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7 February 2025 | 10 replies
@Jared Goldwasseri would strongly recommend you go to Cincinnati in person.
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7 February 2025 | 9 replies
K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.
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31 January 2025 | 2 replies
The person I would seek advice from is a CPA about this.
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29 January 2025 | 4 replies
Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.
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24 January 2025 | 13 replies
I’m the last person who should complain about grammar, but these are yellow flags, at best.