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24 March 2024 | 24 replies
Also taxes are to be considered.
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23 March 2024 | 7 replies
Tax BenefitsIf you are down one but up the other three, it can make sense.
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22 March 2024 | 0 replies
Our current focus is working on 1-4 unit fix and flips, but eventually work towards being able to refinance properties and keep and cash flow them.My question is tailored on the the way I should structure our relationship for the legal and tax base purposes.Should I secure the deals under my business and pay my partner out of my business operating account?
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22 March 2024 | 7 replies
I need to prepare for tax filing and potential audits, but I'm unsure if receipts for every expense are necessary.I had an incident where the PM mentioned a referral fee of $350 for a tenant, but the bill showed $400.
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22 March 2024 | 11 replies
How much should I budget for taxes on rental income (For example if mortgage and fees are an even $3000 per month, what should I actually charge to breakeven after taxes, much less cashflow)?
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22 March 2024 | 5 replies
Failure to repay the loan according to the plan's requirements could result in penalties and tax consequences.Tax Implications: While 401(k) loans are generally not subject to income tax or early withdrawal penalties, there can be tax implications if the loan is not repaid on time or if your husband defaults on the loan.
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22 March 2024 | 12 replies
We are leaving CA for tax reasons and because the distance of maintaining properties was getting to be too much (there were not great property managers or contractors so we were having to travel back for everything).We have made a few offers on 4plexes in Las Vegas but have not found the right property yet.
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22 March 2024 | 13 replies
To make the best choice, carefully calculate the financial implications, align with your long-term goals, research the market for larger buildings, and seek advice from a tax professional to navigate potential tax impacts.
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22 March 2024 | 5 replies
Accurate books for a seamless transition during tax time. 2.
23 March 2024 | 14 replies
Just remember to research specific areas, consider market conditions, and factor in costs like property taxes and insurance.