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22 August 2024 | 29 replies
When I see things like "our research shows" it's a red flag for me that the information is theoretical which may or may not be helpful.
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21 August 2024 | 7 replies
Each LLC can have a separate agreement, but the IRS will scrutinize this, so keep everything above board to avoid issues.Tax Implications: This arrangement could allow you to shift income and claim home office deductions, but it needs to be done carefully to avoid triggering any red flags with the IRS.Renting a Car to Your LLCs:Renting your car to your LLCs can also offer some tax benefits, such as shifting income and potentially deducting expenses like mileage and depreciation.
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19 August 2024 | 7 replies
(see the red circle below)
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18 August 2024 | 1 reply
Quote from @George Red: A hypothetical to see how people factor costs when rolling equity forward into additional purchases.For this example assume you purchased property “A” for 100k, and put 25% down. 2 years later you sell it for 125k so you now have 50k (25k from your initial down payment + 25k in equity).
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19 August 2024 | 20 replies
@Geremy RosenbergLots of red flags but no deal breakers for me personally.
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19 August 2024 | 42 replies
Some days I know how Red feels...
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19 August 2024 | 7 replies
The rental income minus the mortgages has me in the red around $450 a month.
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17 August 2024 | 17 replies
Too many red tape bureaucracies, local staff challenges, building management issues.
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23 August 2024 | 181 replies
and while low post count may not be a meaningful metric, the manner that folks are posting is a big red flag to anyone with scam alert set to “high”