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28 January 2025 | 6 replies
Intangible assets like goodwill or tangible personal property (e.g., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.
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22 January 2025 | 21 replies
There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.
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27 January 2025 | 11 replies
Probably not a good person to hire, maybe let your bosses know.
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22 January 2025 | 16 replies
And what if the one person you didn't check has a criminal background, has collections, and more?
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5 February 2025 | 54 replies
This is dependent on your personal situation and strategy.
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24 January 2025 | 8 replies
Private money and personal funds.
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23 January 2025 | 3 replies
Share what you are looking for and the deals you are working on with your network in person and on social media regularly.2.
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7 February 2025 | 12 replies
I’ve had a few “Gurus” personally try to recruit me into $20K+/year mentorships at networking events, along with paid workshops and masterminds.
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7 February 2025 | 7 replies
When so many renters stopped paying rent during COVID, companies like SureVestor stopped taking new accounts because they were facing a significant number of claimes.I personally don't see it as a good solution.
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7 February 2025 | 6 replies
Instead, these funds were allegedly diverted to finance other real estate transactions and for personal use by Wettengel and co-defendant Tanya Muro.