
19 February 2025 | 171 replies
Or you excluded something from the actuals but didn’t also exclude it from the budget numbers to get a true apples to apples comparison (yes).

19 February 2025 | 29 replies
Both will do very well for years to come.That might be true but that doesn't mean they're moving to Cleveland or Detroit.

7 February 2025 | 2 replies
There are tax benefits to running everything through an LLC, but again, seek advice from a tax professional.

5 February 2025 | 16 replies
You CAN limit that agreement to a specific property; but, as others have stated, agents are looking for a certain amount of loyalty from their clients.If an agent gets vibes from a prospective client that indicates that they want to cheapskate and not pay a professional for their service, they are not likely to waste their time with them.

6 February 2025 | 10 replies
However, you can defer taxes under §1033 involuntary conversion if you elect to reinvest the proceeds into a similar rental property within two years (three years if the government condemns the property or threatens to do so, and four years for a principal residence in a federally declared disaster area).To reduce taxable gain, consider:Electing §1033 treatment and reinvesting the full $300K into a new rental property to defer taxes completely.Partial reinvestment, where only the portion not reinvested is taxable.Properly documenting all replacement costs and property details to ensure IRS compliance.Using cost segregation on the new property to accelerate depreciation and offset future taxable income.Since the §1033 election must be made, consult a tax professional to ensure compliance and maximize deferral benefits.This post does not create a CPA-Client relationship.

3 March 2025 | 14 replies
It's what is actually delivered and the quality of it, plus intangibles such as the personality of the professional working with you, responsiveness, attitude, you name it.The price is low.

11 February 2025 | 6 replies
Why ask: If you’re not going to be a full-time investor or professional, it’s important to ensure that the mentor works with people who have similar schedules and limitations.11.

12 February 2025 | 43 replies
If you are going to buy $75,000 houses in Memphis, you need to go visit them in person.I don't know anything about these companies, but when it sounds way too good to be true, it normally is.

5 February 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

31 January 2025 | 11 replies
@Eli JermanYes, you should hire a tax professional.