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13 March 2024 | 11 replies
he's saying "cash" as opposed to conventional financing from a normal bank.most people who buy a primary residence go to Bank of America or Chase or whatever.
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12 March 2024 | 1 reply
Investment Info:Single-family residence buy & hold investment.
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13 March 2024 | 26 replies
It's slightly outside the Raleigh, NC area, but I reside in the Tampa, FL area.
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12 March 2024 | 7 replies
Not that being out of state affects the cost in that regard, but you may find it more difficult to properly vet a manager, especially when it comes to their attitude toward residents who may need more flexibility, compassion, and patience than in a market rate building.Second, and bigger, issue is that HQS inspections are a very real thing.
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12 March 2024 | 0 replies
Investment Info:Single-family residence buy & hold investment.
13 March 2024 | 19 replies
It isn’t a regular reit and requires a qualified handler.
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12 March 2024 | 4 replies
We have a network of highly qualified and vetted subcontractors that we work with.
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12 March 2024 | 4 replies
.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.
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12 March 2024 | 4 replies
It will have to file its own taxes which means it won’t qualify for a 1031 and they’ll owe all the taxes.
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12 March 2024 | 19 replies
Lastly, no sign can be within I think 1000 feet of another sign or I think 500 feet of a residence.