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17 November 2024 | 30 replies
I first want to emphasize to real estate investors, the difference between the tax treatment of rental income derived from an active trade or business compared to investments.
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18 November 2024 | 15 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.
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17 November 2024 | 6 replies
My opinion, a rate a buy down isn't usually worth the trade offs vs keeping the cash in hand.
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14 November 2024 | 5 replies
I’m also exploring opportunities in Dayton and Northern Kentucky, so if anyone is active in those regions, I’d really appreciate your insights as well.A bit about me: I’m an attorney by trade but also work in the real estate market.
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13 November 2024 | 3 replies
Owner’s Draws and Tax Implications: Taking owner’s draws to recover your initial equity is possible, but this can have tax consequences.
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13 November 2024 | 1 reply
For more visibility, consider cannabis trade shows and industry events.
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17 November 2024 | 10 replies
A Heloc can never be used as a PITI reserve, or an asset instead its a debt burden and an additional trade line on credit.A Heloc carries a higher risk when it comes to security meaning if you miss a payment even by mistake or for any reason, your scores drop, or your balances start to change your DTI or usage percentage.
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18 November 2024 | 12 replies
I got a 2013 Toyota Corolla for $17k, so unfortunately, even if I trade it in I still have about $6-9k in negative equity on the car that I’ll still owe.
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18 November 2024 | 13 replies
Hello, personally, if it was me in your situation, I would not trade the low interest rates you currently have by cashing out the relatively smaller equity you have in your current properties for a much higher interest rate.