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Results (10,000+)
Maryna DeMasters Property with contingency
11 March 2024 | 8 replies
The sales contract is for the benefit of the client, so it could also be inappropriate to add language that only benefits the agent and not the client.
Brian Hunsaker Wondering how to minimize taxes owed to IRS from rental properties
12 March 2024 | 36 replies
However, there are other strategies you can consider to optimize your tax situation:Maximize Deductions: Ensure you're fully utilizing all deductible expenses related to your rentals, such as maintenance, repairs, property management fees, and travel expenses to the properties.Depreciation: Make sure you're taking full advantage of depreciation on the properties, which can significantly reduce taxable income.Cost Segregation Study: For larger properties, a cost segregation study can accelerate depreciation on certain parts of the property, offering more upfront tax savings.1031 Exchange: If you're considering selling any properties, a 1031 exchange allows you to defer capital gains taxes by reinvesting the proceeds into another rental property.Energy-Efficient Improvements: Tax credits may be available for making energy-efficient improvements to your properties.Rod
Troy Welch CPA, Tax Advisor, Wealth Planner ????
11 March 2024 | 8 replies
@Troy Welch it sounds like you definitely would benefit from tax planning!
Jay Jonez Sub 2 - Seller having buyer remorse
11 March 2024 | 28 replies
List the ways she benefited and emphasize those when talking to her.
William Gonzales Should I sell or should I rent out
11 March 2024 | 4 replies
Once you have a handful of units, things become more stable because you gain a lot of experience and also when issues arise at one unit, the other units still carry the expenses.
Angela Costa Setting up portfolio for early retirement
11 March 2024 | 7 replies
I have an idea of taking cash out refinance with VA loan (partner has benefit) and rates look to be 5.75% on primary home (owned free & clear).
Tyler Henkel Hello BP community
11 March 2024 | 14 replies
Your confidence and readiness to begin investing will grow as you gain more knowledge.Become knowledgeable about the Lake County real estate market.
Blisseth Sy Should I sell my first home purchase in SF Bay Area?
10 March 2024 | 9 replies
Taxes should be on net gains, not gross.
Account Closed Holton-Wise Group Reviews?
14 March 2024 | 60 replies
There is some insightful conversation there that I feel is a benefit to investors who may be reading this.https://www.biggerpockets.com/forums/731/topics/643317-small-vs-bigger-property-management-companies?
Luke Tetreault 30-Unit Lending, Not enough experience to get funding?
11 March 2024 | 5 replies
Atleast with 30 units you benefit from economies of scale.Is there a way you can work a deal with one of your investors who does have the capital/track record and have them get financing?