
3 May 2024 | 18 replies
I am currently reading The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew Macfarland.

3 May 2024 | 1 reply
I found there was loans taken out using a 3rd party that was disguised or hidden on their taxes.

2 May 2024 | 19 replies
Use your least tax-efficient money to buy your most tax-efficient assets.

2 May 2024 | 4 replies
I have a Villa in Tulum, Mexico and am having a hard time understanding how much of the "Host Payout" actually goes to me, because I would think that the entire $665.57 would be mine but it looks like they deducted the "Cleaning Fee" and "Remitted occupancy tax" the "cleaning fee" I understand but am confused on where the "Remitted occupancy tax" is going.
3 May 2024 | 5 replies
If the STR income is on your tax return it is qualified just like long term rent using this form: https://content.enactmi.com/documents/calculators/Form1038.C...

1 May 2024 | 4 replies
Discuss any pros and cons with your attorney and CPA to weigh the advantages and disadvantages, particularly regarding liability protection and tax benefits.

1 May 2024 | 7 replies
A bill that would have increased property taxes 400% on all STRs failed by a wide margin on Tuesday.

2 May 2024 | 27 replies
Ins and taxes are only going higher, and IMO FL is heading for a correction, its already started.
3 May 2024 | 8 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

30 April 2024 | 9 replies
Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.