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26 December 2024 | 10 replies
So you might be living in the US or in Europe, investment properties are bought to outsource and earn from the cashflow.
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26 December 2024 | 2 replies
You can find online mortgage calculators that allow you to play around and see what happens if you do an extra payment or increase your payments.
3 January 2025 | 8 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.
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20 December 2024 | 0 replies
There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.
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10 January 2025 | 28 replies
Unfortunately they don't care how much your worth they care how much you earn a month.
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14 January 2025 | 329 replies
Make the rules such that the tenant, in order to get the extra federal unemployment, must pay at least half of it to rent.
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19 January 2025 | 42 replies
We closed the LLC because it was not giving us protection since the properties and mortgages are under our names instead of the LLC, so it was extra work and cost for no benefitQuestions:1-I assume we need to issue 1099 for these contractors even though we are not incorporated, right?
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2 January 2025 | 15 replies
That could potentially take away all the extra from increasing $150 for several years.
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7 January 2025 | 16 replies
Insurance is expensive, there is a lot of extra maintenance like painting or electric in common areas that don't apply as much with smaller units.
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30 December 2024 | 103 replies
Fully fund IRAs and 401Ks7.Work less ("I think I earned it" ... a few good men)