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16 January 2025 | 6 replies
One caution when using crypto to acquire property is being aware the tax ramifications are identical to if you converted to cash first.
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27 January 2025 | 11 replies
You are so right about analysis paralysis 😁Not too concerned about mechanics though I would like to learn more about how to best use CRMs (specifically freedomsoft), but also would like to learn specifics regarding forming LLC structures and tax strategies 🤔
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17 January 2025 | 6 replies
The 1031 exchange rule to defer your tax is two part 1) reinvest all your proceeds and 2) purchase a property (or properties / DSTs/TICs) with an equal or greater market value.
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17 January 2025 | 6 replies
Keep in mind that you get to depreciate these appliances on your taxes.
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21 January 2025 | 8 replies
You also don't have to pay state tax on income.
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1 February 2025 | 6 replies
Most places in Ohio can be profitable rentals... if you can stomach those property taxes!
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20 January 2025 | 6 replies
An annual business tax as a hotel of $50 and collection and remittance of transient occupancy tax of 12% from renters is required of all short-term vacation rental operators.
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26 January 2025 | 4 replies
Check with your municipality about how property taxes will change when you buy the place.
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17 January 2025 | 7 replies
A couple developers we work with skip LIHTC and the tax credits and go the route of impact funds to help alongside other debt and sometimes equity.
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30 January 2025 | 6 replies
If you need an LLC for tax reasons later, you can move title into an LLC later for a couple hundred bucks.