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23 January 2025 | 9 replies
This allows us to close extremely quickly, which is an important competitive advantage.I don’t know how to read our own tax returns, and I’m certainly not going to read yours.
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1 February 2025 | 7 replies
The home burns and the incredibly over taxed CA FAIR plan has either gone bankrupt or takes years to pay out.2.
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21 January 2025 | 3 replies
Britt,My firm has evaluated some smaller properties (under $500k) in the past for cost segregation, and it generally does not cost justify moving forward, since the benefits are small, and typically the tax liability on the income is minimal if any.
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12 January 2025 | 28 replies
This might make sense, but again, you are just deferring the taxes and now pushing tax from capital gains to ordinary income.
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3 February 2025 | 15 replies
Since part of your property is a rental, I believe a portion of your mortgage interest should be a tax deduction unlike your other debt.
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6 February 2025 | 12 replies
Hi Jon from Boyertown, PA-You and your fiancé are interested in buying your first short-term rental and wonder profitable areas to purchase with a budget up to $500,000.I would look at places along the west coast of Michigan, Grand Rapids, Kalamazoo, and near Ann Arbor, MI.It is important to understand the local STR regulations in each community and partner with a property management company that can help your navigate that and manage it well for an excellent guest experience.Don't forget to look into bonus depreciation and doing a cost segregation study to increase the tax benefits of ownership and if you "materially participate" in the management of the property per IRS guidelines it can offset active W-2 income which most real estate cannot.To Your Success!
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27 January 2025 | 9 replies
It is DSCR based and no personal tax returns are required to qualify.
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20 January 2025 | 1 reply
I have also been doing quite a bit of research on Loan's, tax consequences etc., and am working towards being a expert in this niche.
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1 February 2025 | 56 replies
Tax liens2.
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19 January 2025 | 6 replies
@Chris Seveney The types of leads I'm targeting are absentee owners, vacant properties, pre-foreclosures, tax delinquencies, and probates.