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22 August 2024 | 29 replies
When I see things like "our research shows" it's a red flag for me that the information is theoretical which may or may not be helpful.
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21 August 2024 | 7 replies
Each LLC can have a separate agreement, but the IRS will scrutinize this, so keep everything above board to avoid issues.Tax Implications: This arrangement could allow you to shift income and claim home office deductions, but it needs to be done carefully to avoid triggering any red flags with the IRS.Renting a Car to Your LLCs:Renting your car to your LLCs can also offer some tax benefits, such as shifting income and potentially deducting expenses like mileage and depreciation.
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23 August 2024 | 181 replies
Becase its the bold, the take action folks who will be in front of the train when it starts to leave the station.I'm working on my 2nd sub to lead via SMS/reireply, this one I'm planning on buying.
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19 August 2024 | 7 replies
(see the red circle below)
21 August 2024 | 182 replies
I know this is a bold statement but spending 20 years there owning and loaning to out of state investors many times on the same home 2 to to 3 times and one landlord fails and another picks it up and has to remodel yet again.
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18 August 2024 | 1 reply
Quote from @George Red: A hypothetical to see how people factor costs when rolling equity forward into additional purchases.For this example assume you purchased property “A” for 100k, and put 25% down. 2 years later you sell it for 125k so you now have 50k (25k from your initial down payment + 25k in equity).
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19 August 2024 | 20 replies
@Geremy RosenbergLots of red flags but no deal breakers for me personally.
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19 August 2024 | 42 replies
Some days I know how Red feels...
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19 August 2024 | 7 replies
The rental income minus the mortgages has me in the red around $450 a month.