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16 January 2025 | 38 replies
Looking over your numbers I'm surprised a couple of them are so low - mortgage expenses, repairs and capital expenses.
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29 January 2025 | 10 replies
We've sold off some of the smaller, lower end properties, and redeployed that capital into something that is a little higher end experience.
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8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.
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13 January 2025 | 2 replies
You may want to look up Stacy Patel with Golden Handshake Capital.
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1 February 2025 | 30 replies
I don't know the rules in the US, but in Canada, you can do that every 2 years and when you sell, you don't pay taxes on the capital gains.
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7 February 2025 | 49 replies
Tai lopez it appears has really costs Norada Capital immeasurable harm.
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28 January 2025 | 71 replies
Being that I get taxed at a higher rate for wage earnings then i do for capital gains I actually take home more for way less work.
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17 January 2025 | 24 replies
A great book on the overall subject is Jonathan Tepper’s “The Myth of Capitalism: Monopolies and the Death of Capitalism”.
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11 January 2025 | 9 replies
I specialize in working with Canadians that own property down here (I live in Palm Springs, we might be the snowbird capital of the world?).
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10 January 2025 | 2 replies
Use 1031 Exchanges to Defer TaxesIf you’re selling a property, a 1031 exchange allows you to defer capital gains taxes by reinvesting the proceeds into another property.