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24 July 2024 | 2 replies
I've been Investing in RE for over 35yrs and have legally not payed a dime in taxes and have been audited 7Xs by the IRS...and am undefeated...willing to Share my knowledge....
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24 July 2024 | 10 replies
You can build you life in tax avoidance, debt refi....
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23 July 2024 | 2 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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24 July 2024 | 11 replies
Quickbooks pro is $1080/year, which means on just accounting software alone, someone is paying out 4% of their cash flow, not including the tax accountant or the bookkeeper's costs.
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25 July 2024 | 10 replies
Probably not, because in some states would change the tax status of the property to Secondary which could be a red flag for USDA especially if they are the ones you are making the payments to, which is the case with USDA Direct loans.
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24 July 2024 | 1 reply
There is also one big issue with your tax projection - the taxes of $280 are based on the vacant land taxes and will likely go up to ~$2000-$3000 in a year or so when the assessor catches up with you.I realize there is a 1031 involved so a real estate purchase is necessary, but you should compare your ROI to a safe yielding instrument like a 10 year T-note or AAA corporate bond yield.
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24 July 2024 | 4 replies
It's a bet on the future appreciation, maybe generates enough income in the meantime to pay taxes and insurance, chances are no cash flow.
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27 July 2024 | 15 replies
Feel free to reach out if you have any questions.
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24 July 2024 | 4 replies
Any advice on free apps/websites?