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24 April 2024 | 39 replies
I'm open to have any discussion about a potential partnership or at the very least a conversation to help answer any questions.
21 April 2024 | 1 reply
I'd recommend speaking with your tax advisor to discuss this further as what I said above may be outdated as I know the Inflation Reduction Act changed a lot of the energy credits for both individuals and businesses.
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23 April 2024 | 3 replies
Probably best to work out a termination agreement and find your next tenant.Of course, you have to consider your financials to carry a potential vacancy, location of the unit, how quickly can you rent it, etc...
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23 April 2024 | 8 replies
I'd do it bc the potential profit would be more on my end.
24 April 2024 | 11 replies
@Stephen Bass bonus depreciation can be a powerful tool if approached correctly, and has the potential to create substantial tax benefit, which can be used to offset the gains incurred from the sale of property.As you seek investments with bonus depreciation, keep in mind some property types will garner more benefit than others.
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23 April 2024 | 22 replies
However, after driving around for hours I think there's potential for off-market deals.
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23 April 2024 | 18 replies
In addition, building into the business model an intentional refinance in a short period of time, you are incurring double the financing costs, which eats away at your equity, and also resets your loan amount to potentially a higher amount if you are rolling in closing costs.
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23 April 2024 | 10 replies
It has a strong potential for cash flow.
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24 April 2024 | 18 replies
@Patrick HancockLLC's are not free and there are costs associated with LLC1) Formation costs - potential attorney fees and setup fees with the state2) Registered agent fees if the LLC is not in the state that you operate out of3) Annual fees to keep LLC active4) Bank feesThere are also additional administrative burdens with having so many LLC's.
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23 April 2024 | 14 replies
I would love to keep the home for many reasons - potential appreciation, landlord experience, tax benefits.