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4 September 2014 | 10 replies
However, I've heard about 6/12 month seasoning requirements, as well as waiving those requirements if you just want to be refunded original cost of the house less rehab (not optimal for me, lacking investing capital), and I've also heard this may be avoidable if you are renting out the property.
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13 January 2024 | 356 replies
The difference is I don't spend hours trying to convince people and rationalize to myself that these sub-optimal choices are in fact optimal.
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3 January 2024 | 18 replies
VRBO is a great next step, especially if you're totally optimized on Airbnb and are getting the most out of it that you can.
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12 February 2024 | 11 replies
@Darian Gore Here are the things that many CPAs support their clients with:Understanding tax impact of short-term vs. long-term vs. flip before you buyWhich entity structure is best for goals and investment property typeTax and compliance on LLC or S-CorpHow to transfer property out of personal name into LLC (hard to buy 1st through entity)Ways to optimize taxes throughout the yearHow best to set up accounting to track income and expenses (doing this late is a mess)Feedback on property management systems, accounting systems. systems, etcEstimated payments to avoid penaltiesKnowing when to file and getting things in on timeMaybe a few things I missed, but this is the high-level ….. if you can get answers to the above questions on your own, plan, and file your own taxes then you can avoid the expense of a CPA.
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19 January 2024 | 7 replies
So for your strategy to be optimized you would need a SDIRA with a good amount of funds in it to operate.Do you possess sufficient equity in your primary residence to obtain a Home Equity Line of Credit (HELOC) for the initial down payment and renovation costs on the new property, with the intention of refinancing after completing the project?
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11 February 2024 | 2 replies
With Prop 1 nearly mortgage-free and roughly equivalent in value to Prop 3, I'm pondering the best way to structure these assets and the new development for optimal tax impact, equity maximization, and risk mitigation.Considering a New StructureOne idea is to create a trust or family limited partnership (LP), incorporating an LLC to hold these properties.
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13 February 2024 | 5 replies
I'm a developer, landlord, flipper looking for a long-term CPA to work to grow the business by setting the optimal tax strategies in place.
16 February 2024 | 15 replies
Beyond preparing your taxes, they can provide insightful advice on optimizing your financial structure, identifying potential deductions, and strategizing for future investments.
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13 July 2021 | 6 replies
Be it buying, fixing, renting it out, managing the rental, selling, refinancing or anything else, investors look for systems that can help them optimize their costs across multiple operations.
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7 November 2019 | 42 replies
Be OK with the fact that you may pick sub-optimal investments in a sub-optimal niche.