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21 January 2025 | 40 replies
Thats $7700 a year NOT including my accountant/Tax prep.
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15 January 2025 | 3 replies
Another common practice for nationally sparse datasets such as tax data is aggregation.
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15 January 2025 | 39 replies
A HYSA pays 4.5-5%(before rates went down) pre-tax, 3% net tax if you're a high earner.
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23 January 2025 | 1 reply
On property number one, I would cash flow $750 a month after mortgage, taxes, and insurance if I also rent out the unit I live in.
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16 January 2025 | 0 replies
By and large, QI's have very high ethical standards, and are sometimes overlooked as the engines of this tax saving tactic.]REPUTATION MARKERS 📊INDUSTRY STANDINGMembership in professional organizationsLeadership roles in FEAEducational contributions to the industryRelationships with major title companiesCLIENT RELATIONSHIPS 👥Testimonials from CPAs and attorneysReferences from title companiesLong-term client relationshipsTransparent fee structuresRELATIONSHIP RED FLAGS 🚩Overly familiar with your realtor/brokerKickback arrangements (illegal!)
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15 January 2025 | 11 replies
Selling and buying something else you want keep and doing a cost seg in would help with the tax burden probably better in this situation.
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21 January 2025 | 2 replies
The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.
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18 January 2025 | 8 replies
It is what is left after snow removal, cutting the grass, utilities, tenant issues, parking lot issues, property taxes, mortgage payment, etc. that make a difference.
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29 January 2025 | 6 replies
3) Your $250k with 30% down => about $750k (you also need funds for closing costs, taxes, etc.)
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16 January 2025 | 7 replies
(It doesn’t pay its own taxes.