
16 May 2024 | 3 replies
I got these questions from this: House Hacking & Taxes (the Implications You Need to Know) (biggerpockets.com)2.

19 May 2024 | 9 replies
The LLC should help you lower transaction costs since you as the LLC Manager can buy/sell property, taxes, etc by writing checks from the LLC's business account.I rolled my SDIRA from Equity Trust, no LLC (poor service, high fees) to Madison Trust w/LLC about 6 years ago.

21 May 2024 | 53 replies
In the commercial & private money world its all fair game and case by case.Use of credit cards to purchase properties to acquire/capture equity, create, cashflow, provide additional tax shield/benefits against your income, and improve your real estate investing venture is definitely one way to go about it but it should not be the sole method since there are risks like many have mentioned above.If you're using business cards (linked to your FEIN - federal employer identification number) and it doesnt report to your personal credit then it might be more prudent credit wise because your Fico scores won't tank when you max a business card out versus a personal credit card (drop of 80-100 fico pts temporarily till you payoff).So with prudent timing (funds seasoning), knowledge of how to maintain your ficos so you still qualify for your cheaper conventional money, and how to use the cards to purchase can definitely expedite your REI journey.Most people I encounter would not have the know how to do it correctly as I see plummeting fico scores, in ability to qualify, and many other issues with using cards to invest on a weekly basis.Best of luck,

19 May 2024 | 14 replies
I keep telling him that we’ll need to jump on something once the flip is done otherwise we’ll be paying more in taxes.

18 May 2024 | 11 replies
At this point I will have pick up about $450K in appreciation after sales costs, but that is before taxes and I am in a high bracket.
19 May 2024 | 7 replies
I have a lot of investors that buy in TN for example and the taxes in some counties are crazy low $400-$600 annually.
19 May 2024 | 2 replies
Your cost to attend court is a tax deductible expense but I don't believe it is something that can be added for the judgement.

19 May 2024 | 11 replies
Also, for a situation that owner simply refused to pay insurance/taxes and let it go foreclosure.

20 May 2024 | 10 replies
Ask yourself what you are looking for (cash flow, appreciation, tax benefit, etc).