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17 November 2024 | 7 replies
Tax Write-Offs: By reclassifying these components, you can take larger depreciation deductions upfront, reducing your taxable income and lowering your tax bill in the early years.3.
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20 November 2024 | 11 replies
Reduce the price, make the sale, split the profits, and re-start your life.
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17 November 2024 | 2 replies
If you are doing the work and labor it reduces some of the risk but to me we won’t let at that high a ltv
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16 November 2024 | 7 replies
I am hoping to roll these two into one loan and reduce my monthly payment/ interest rate on the HELOC as I will be having the debt long term.I also currently own a 11 spot RV Park which I own all 11 units and is currently generating $10,375/month in rent.
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7 December 2024 | 150 replies
To reduce the cost and risk I brought in a college friend, the deal was I would pay for the training and we would both put in enough money that we could buy 3-4 notes, when / if we made any money I would get paid back for the education piece.
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19 November 2024 | 6 replies
Hi Ian, we have 15 units medium term in our management portfolio listed in FF and Airbnb and accept 1 month stays, but I do think that 3 months minimum with 45 days notice is a good base lease term setting to reduce the frequency of occupancy changes.
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20 November 2024 | 45 replies
On another note something that would reduce general inflation is getting rid of the laws that force (limiting competion) auto manufacturers to sell cars through a franchise dealer model.
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19 November 2024 | 11 replies
@Brad Herb Investing in a syndication via a Self-Directed IRA (SDIRA) offers tax advantages but comes with fees and limitations:Advantages:Tax Benefits: Gains grow tax-deferred (Traditional SDIRA) or tax-free (Roth SDIRA).Avoid Penalties: Keeps funds in the IRA, avoiding early withdrawal penalties.Diversification: Adds real estate syndications to your retirement portfolio.Disadvantages:Fees: Setup, custodian, and administrative fees can reduce returns.UBIT: If the syndication uses debt, income may be subject to Unrelated Business Income Tax (UBIT).Complexity: Strict rules; all income/expenses must flow through the SDIRA.Illiquidity: Syndications are long-term, locking up funds.Use an SDIRA if the investment is significant and the UBIT impact is minimal, especially with a Roth SDIRA for tax-free growth.Remember that RE, outside of retirement accounts, provides the biggest tax benefits.This post does not create a CPA-Client relationship.
19 November 2024 | 15 replies
The insurance company may settle if the tenant has a case, but it be from a position of strength and primarily to reduce the cost of the fight.
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17 November 2024 | 5 replies
Electrical contractor quotes me $5k but noted he could do it on T&M at a reduced rate.