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3 February 2025 | 3 replies
but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips) a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor) in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.
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3 February 2025 | 47 replies
Lots of depreciation you will pay no tax maybe even shield some W2 income.B. 8k maybe 10k if you pick the right guy to lend your money to in interest income you will be paying much higher tax rate on this income FYI no depreciation expense.
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19 February 2025 | 24 replies
As a cross-border investor, I'm likely going to need advice on entity structure to protect my liability while also not being double-taxed, I'm going to need to network with experienced investors/property managers/agents in the Cleveland area.
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2 February 2025 | 13 replies
. $800 yearly tax for each LLC.
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7 February 2025 | 17 replies
If all goes well, my monthly payments could drop about $60 from a tax reassessment in about six months.
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13 February 2025 | 6 replies
Property taxes creep up, exterior repairs , and a brand new HVAC last year wiped out $11k of reserves.
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9 February 2025 | 6 replies
Agreed - plus two additional thoughts:1) I always recommend having your CPA also review the drafted operating agreement for the tax issues.
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5 February 2025 | 2 replies
Your actual property taxes alone on that will be over $10K a year in 2025 and don't forget about that supplement tax headed your way.I would suggest keeping the others and maybe changing to LTR if that will give you consistent cash flows.
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12 February 2025 | 27 replies
For instance, Berea is a charming college town, but the combination of local taxes and less favorable price-to-rent ratios makes it less appealing for investment compared to other areas in the state.Agree here!