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2 February 2025 | 3 replies
Quote from @Mike Hansen: When out of state investing, how does one go about appealing their tax assessment?
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5 February 2025 | 0 replies
-Transfer the property into an LLC – This may allow me to take ownership while potentially avoiding property tax reassessment, however this sounds like an involved process-Establish a living trust for my aunt and mother – The trust would specify that I inherit the property upon their passing and provide step up in cost basis but i'm worried that the living trust can be modified to have me removed (who knows what can happen) - My mother is somewhat volatile.I would like to live in the property and my mother will live in her second property with her husband.
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3 February 2025 | 8 replies
Not really a tax question as the membership % decides who does, gets and deducts what.
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1 February 2025 | 1 reply
A high property tax rate will increase the taxes more quickly as a percentage of total expenses when the property value increases.
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4 February 2025 | 38 replies
Certainly more areas with lower property taxes.
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2 February 2025 | 3 replies
I’ve been working with real estate financials for a while, and I keep seeing one mistake that costs investors thousands: poor bookkeeping leading to missed tax deductions.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?
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31 January 2025 | 2 replies
Anyone answering is not responding as a Tax accountant, Insurance expert or as a Financial advisor.
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31 January 2025 | 9 replies
It's unclear on how that plays into your question about taxes.
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20 February 2025 | 0 replies
If anyone can advise or give insight on both greatly appreciated
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31 January 2025 | 11 replies
@Eli JermanYes, you should hire a tax professional.