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15 February 2025 | 2 replies
Not everyone will be successful in this business especially during times when people are essentially jumping on the bandwagon.
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1 February 2025 | 3 replies
It makes lead management way more efficient since they get to focus on people who actually want to do business.
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5 February 2025 | 18 replies
You can check with the Better Business Bureau (BBB), your state’s department of business oversight, or your local real estate community.5.
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8 February 2025 | 8 replies
@Matthew McleanBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.
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18 February 2025 | 35 replies
.:) And travelling to my clients place of business and helping them do RE deals..
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3 February 2025 | 26 replies
We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.
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26 February 2025 | 23 replies
@Dalton Summers My ex-business partner owns 40 units and still rents a house...
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25 February 2025 | 18 replies
He was surprised and said he needed to talk to his business partner (brother) and call me back.
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26 February 2025 | 12 replies
This means that when you sell the property, your adjusted tax basis is lower, which increases the capital gain you must recognize.Additionally, any accelerated depreciation taken is subject to depreciation recapture at a higher tax rate (up to 25% for real estate assets) rather than being taxed as long-term capital gains.So, while cost segregation provides significant upfront tax savings, it also increases your capital gains tax liability upon sale unless you use a 1031 exchange or other tax-deferral strategies.You can find your current tax basis by reviewing your depreciation schedule (Form 4562) and prior years’ tax returns, specifically looking at your adjusted basis on Form 4797 (for sales of business property) or Schedule D (for capital gains and losses).Your CPA should be consulted prior to making any decisions.
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14 February 2025 | 21 replies
Or start a business which would require a lot more time than owning RE.If it were me and Dallas is appreciating, I'd probably hold onto it since you've had it since 2011.