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23 January 2025 | 30 replies
I don't know what I have to gain about doing otherwise.If ANYONE would like to chat further, please DM and I'll send you my cell phone number so we can chat directly.
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23 December 2024 | 3 replies
@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.
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27 December 2024 | 3 replies
A tidy profit, plus confidence to tackle the next project solo.On the topic of self-directed IRAs: While they’re fantastic for gaining experience and diversifying into real estate over time, they can feel restrictive if your main goal is scaling quickly.Here’s what I’d focus on:Using Equity Wisely: A HELOC or cash-out refinance could unlock funds to pursue a flip or duplex without touching your 401(k).Partnering Smartly: Your realtor friend sounds like a great resource.
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26 December 2024 | 14 replies
Let's see: You sell one property, and to avoid paying cap gains tax, you then reinvest those profits within 45 days into a larger "like kind" property.
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2 January 2025 | 36 replies
Start small with a single property to learn the process and scale as you gain experience.This post does not create a CPA-Client relationship.
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19 December 2024 | 82 replies
It's low risk and tax free on the gain.
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18 December 2024 | 10 replies
Starting small through house hacking, long-term rentals, or flipping helped me gain experience without taking on too much risk.
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23 December 2024 | 7 replies
I don’t know your exact situation, but I expect principal paydown and appreciation to cover the $200 and still give you a nice gain.
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5 February 2025 | 205 replies
This is a very valuable skillset to have in your arsenal as an investor that can dramatically increase your net worth in a short period of time if the strategy is applied correctly.
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23 December 2024 | 6 replies
Solo 401(k)s are not subject to UDFI (Unrelated Debt-Financed Income) on the capital gains from selling a debt-financed property, per IRS rules.b.