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25 January 2025 | 12 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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18 January 2025 | 9 replies
Prioritize properties with rental potential, plan for reserves and tenant strategies, and stay patient as you network and learn.
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20 January 2025 | 23 replies
What’s your game plan for managing the park — hands-on or hiring a property manager?
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23 January 2025 | 0 replies
I plan to use a HELOC but would be interested in the thoughts of others in BPs on this approach or recommendations if there are other ways to financing that I should consider.
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21 January 2025 | 4 replies
@Steven NguyenThe BRRR method is a solid strategy, but careful planning is key.
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19 January 2025 | 1 reply
The plan would be to move out after a year and rent my side out for $2,500 (market rent price).
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27 January 2025 | 4 replies
@Joshua Tucker Building real estate on tribal land offers unique tax benefits, but it requires careful planning and collaboration with tribal authorities.
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18 January 2025 | 36 replies
Very simple - tell them to call me if they can't figure it out.I would not tell the tenant what I was doing and if it was ever discovered that I had done it - I would explain that I did it as a standard safeguarding of my property - in case the original thermostat should ever fail while no one was there to monitor the space temperature - the backup thermostat would save us all from freezing damage.
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17 January 2025 | 2 replies
@Bryan Zayac In PA, there is a state document called the Municipal Planning Code MPC.
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23 January 2025 | 0 replies
I plan to use a HELOC but would be interested in the thoughts of others in BPs on this approach or recommendations if there are other ways to financing that I should consider.