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23 January 2025 | 4 replies
I am here to create a business strategy that protects personal and business investments and mitigates risk, procure a coach or mentor, and set up tax strategies to create long-term wealth for myself and my family.
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28 January 2025 | 6 replies
Intangible assets like goodwill or tangible personal property (e.g., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.
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22 January 2025 | 12 replies
Quote from @John Friendas: As a person with an average salary, I was wondering what the maximum amount of DSCR loans a lender would give out would look like?
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21 January 2025 | 6 replies
I warn people over and over and over to know what they are buying and to go personally see what they are buying.
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22 January 2025 | 4 replies
Lots of loan options can close in an LLC, helocs usually need to close in your personal name.
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30 January 2025 | 13 replies
Personally when buying rentals I tend to buy in neighborhoods that I feel like I wouldn't personally mind living in and when I look for tenants I try to look for people that not only pass my screening but also I personally don't dislike.
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31 January 2025 | 46 replies
I can think of a few BP-specific cases where the ability to delete a post makes sense:Noobs don't usually get the '@' feature right the first time, so I am constantly seeing double-posts so that they can properly call out the person.
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3 February 2025 | 14 replies
There are legal requirements for disposing personal property left behind by a tenant.
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23 January 2025 | 15 replies
I typically don't comment on other's businesses unless I know from personal experience.
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26 January 2025 | 14 replies
Id have a lawyer on hand, this person seems like they will escalate issues once you notify them you aren't renewing their lease.