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17 January 2025 | 11 replies
Please speak with your tax accountant asap or find a 1031 intermediary asap.
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21 January 2025 | 74 replies
A fake and basically empty Facebook account (with a hotmail email attached to it) was planted to give itself some credability.
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5 February 2025 | 21 replies
This includes all charges paid, utility accounts set up, renter's insurance established, lease signed, etc.
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22 January 2025 | 7 replies
I have never approved a tenant without meeting them, if everything looks good on paper, income, accounts, backgrounds.
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23 January 2025 | 16 replies
This account stayed at the same number for years but I didn’t really think about it.
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15 January 2025 | 34 replies
deposited in a demand deposit account?
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21 January 2025 | 4 replies
I know some people feel like they need to invest in a course to hold themselves accountable or feel like they are doing something.
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23 January 2025 | 16 replies
That could be just federally, however...Against $35K income:1) I take $23,500 W2 which 100% goes into Solo 401K --> No income tax You have to account for taxes like FICA and Medicare so this will be closer to $25-$26k.
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23 January 2025 | 5 replies
That’s correct, a foreigner can buy property through a Mexican corporation, which is a great option for those investing in multiple properties or running a rental business.Key Points I'd like to add to your post:Setup Costs: $1,500–$3,000 USD.Ongoing Costs: $1,000–$2,000 USD/year for accounting and tax filings.Benefits: Allows tax deductions for expenses like maintenance, repairs, and management.Best for: Multiple properties or income-generating investments.For a single property for personal use, a fideicomiso is often simpler and more cost-effective due to its lower maintenance requirements and feesUltimately, choosing between a corporation and a fideicomiso comes down to your investment strategy.
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20 January 2025 | 31 replies
My accountant was lazy, not well informed and provided bad advice.