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8 February 2025 | 12 replies
So you have to create that balance for yourself.I don't think your goals are bad, you are basically living below your means (in an RV) and buying rental properties.
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5 February 2025 | 5 replies
I have gotten accelerated depreciation that has exceeded my initial investment.Now add that you could perform a value add to create some sweat equity.
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28 January 2025 | 10 replies
To get started, focus on creating an appealing listing with professional photos and a detailed, guest-focused description.
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3 February 2025 | 8 replies
Consulting a tax professional now can help structure ownership and financing efficiently, ensuring you take full advantage of deductions, depreciation, and potential tax-saving strategies like 1031 exchanges in the future.This post does not create a CPA-Client relationship.
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30 January 2025 | 4 replies
This will create your new basis.From an operational perspective, you might want to touch up a few things on the place to make it more rentable.
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29 January 2025 | 2 replies
Subsequently, we are open to creating other connections in the area.Looking forward to the responses!
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5 February 2025 | 9 replies
I saw someone I know who I respect a lot who just created a raising $ course and they struggled to raise a few million over the past few years.
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27 January 2025 | 4 replies
Hopefully this helps....You need an attorney that specializes in SEC regulations to create your PPM.
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1 February 2025 | 0 replies
Nothing in this post should be construed as, or relied upon, as legal advice or as creating a CPA-client relationship.]
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21 February 2025 | 10 replies
This option minimizes taxes while allowing more flexibility to reinvest without 1031 restrictions.Option C: Sell Now Without the ExclusionSelling immediately means paying capital gains tax on the entire gain, including depreciation recapture, making this the least tax-efficient option.Additional Considerations:HELOC or Cash-Out Refi: If you want to keep the rental while accessing equity for your retirement home, consider a HELOC or cash-out refinance instead of selling.Estate Planning: If you hold the property until passing it to heirs, they receive a step-up in basis, eliminating capital gains taxes entirely.For tax efficiency, staying two more years allows you to partially exclude capital gains, while a 1031 exchange defers taxes if you plan to continue investing in rental properties.This post does not create a CPA-Client relationship.