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24 January 2025 | 6 replies
President Trump’s nominee for Treasury Secretary, Scott Bessent, testified that extending the ‘Tax Cuts and Jobs Act’ of 2017 is essential to avoiding economic catastrophe.
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23 January 2025 | 7 replies
Depreciation begins once the property is rented.It’s essential to consult with a real estate attorney to ensure compliance with local laws and to handle legal complexities.
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24 January 2025 | 4 replies
I used to do essentially free consulting with new investors on it but gave it up for some of the same reasons - everyone thinks you can just sit at home and buy good properties across the country that are in great shape.
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22 January 2025 | 11 replies
A certain SF, # of bedrooms, school districts?
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2 February 2025 | 7 replies
Maintain detailed records to substantiate deductions for materials, labor, and expenses, which can significantly reduce taxable income.While an S-Corp provides tax savings, it also requires payroll management and compliance with formalities, making it essential to stay organized or consult a tax professional for ongoing compliance.This post does not create a CPA-Client relationship.
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22 January 2025 | 15 replies
April is the only real low month.It's a funky place -- essentially a 5 room motel (originally built 1959) with a manager's unit (built 1984) tacked onto it.
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6 February 2025 | 9 replies
I was more focusing on 20-30 minute commutable distance with a good school district (for SFHs) and downtown for MFHs.
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6 February 2025 | 16 replies
I'd love to hear more from you.Residential Districts (2019): Renting properties for periods less than 31 days or a calendar month is prohibited.
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5 February 2025 | 5 replies
What the concept you mentioned is talking about is leveraging equity to gain cash vs. selling essentially.
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29 January 2025 | 5 replies
It essentially includes having a buyer for a specific property BEFORE entering in a contract with a seller.