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5 February 2025 | 38 replies
Instead, they get compensated by Turnkey providers or builders with a marketing fee:“…we as the turnkey property promoter gets compensated by and only by the turnkey provider or builder that we are working with, they are essentially paying a marketing fee,” ( Link ).
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16 January 2025 | 10 replies
Technically it would be best to get a C Corporate or S Corp. to flip properties and since you are considered a dealer if you do several properties a year and this could have negative tax consequences in an LLC.
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31 January 2025 | 27 replies
And of course we're in agreement on consulting a tax pro.
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10 February 2025 | 18 replies
Yes I understand what you are noting, and I believe on the commercial side of things they are typically not putting their names on the docs like you do for a resi loan but just brokering/underwriting it and collecting a fee as a 1099.
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10 February 2025 | 11 replies
. - The 13 unit I went in on has been almost 2 years and still hasn't had the framing inspection passed- All my taxes doubled on my rentals, so now my cash flow has plummeted. - I've had multiple vacancies, including one where the tenant left after a year and cost me $6k in turn costs.
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10 February 2025 | 10 replies
As a contractor I had to work for money, be at the mercy of the customer, jobs and timelines never seemed to go as planned, only to pay tax on the money I worked for.
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31 January 2025 | 2 replies
Despite the equity We also want to take advantage of tax advantages we did stay in the property for 2 years !
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30 January 2025 | 10 replies
When I did my first house hack in Columbus I showed very low income on taxes.
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4 February 2025 | 18 replies
other posters have started threads saying they're going to buy STRs for tax savings... and this doesn't make sense to me.
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12 January 2025 | 8 replies
I find condos/townhomes to be easier to manage out of state because the HOA handles a lot of the maintenance, just be aware of condo fees and find a place that is reasonable like $300-400/mo or less if you are lucky.