
21 June 2024 | 31 replies
You can door knock with these too (but you'll have to do it at the tax mailing address) or you could simply send a letter.

18 June 2024 | 9 replies
Prior to this, I had 2 years of good tax returns from 1 stable job as well as my side business.

21 June 2024 | 3 replies
My ad received a good response and I settled on a deal with another investor who saw the value in this and we agreed on an assignment fee of $7000.

21 June 2024 | 2 replies
Their accountant will have to adjust the %s reported on their tax return appropriately.

20 June 2024 | 6 replies
Would there be a capital gain tax to pay from the sale of the PR business once the U.S. real estate was purchased?

20 June 2024 | 6 replies
Some are free and some have an annual fee.

19 June 2024 | 14 replies
Once the 5 years runs out you'll have used up your existing available depreciation but you still get to write off other expenses such as maintenance, property management, legal fees, etc.

18 June 2024 | 5 replies
I am still doing the same work but set up the LT and LLC to provide improved asset protection but obviously want to structure my business so that I have both asset protection while maximizing tax benefits that i can.To be fair to my CPA he didn’t say this would be an issue, he is in the process of doing research to verify the impact of the organizational structure changes and I was looking to educate myself in parallel obviously hoping my research and my CPA’s landed in the same place.

20 June 2024 | 2 replies
Tax flexibility allows each series to be taxed separately or together.Practical Uses- Property segregation ensures that each property is owned by a different series.- Operational independence allows each series to maintain its own bank account and records.- Risk management ensures that problems with one property do not affect others.- Flexible transactions make it easier to sell, transfer, or refinance individual properties.Considerations- State variations mean that not all states recognize Series LLCs.- Management complexity necessitates careful documentation and legal compliance.- Lender familiarity issues arise as some lenders may not understand Series LLCs, thereby complicating financing.A Series LLC offers a streamlined, protective, and flexible way to manage multiple real estate investments.Thanks,

20 June 2024 | 4 replies
Quote from @John Sigs: A professional charges 10% plus a month's rent for the leasing fee.