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3 February 2025 | 2 replies
Choosing a solution like that means missing out on significant opportunities to free up your time for what you do best while also foregoing the expertise of a tax professional who could provide substantial benefits—potentially saving you thousands of dollars.
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20 January 2025 | 6 replies
How have they accounted for reserves / contingency when things don't go as planned.
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27 January 2025 | 5 replies
Hopefully your accountant did not file an 8824 reporting the 1031 exchange.
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21 January 2025 | 59 replies
And 1/2 of that is accounting that I could farm out too, but I enjoy it.
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5 February 2025 | 0 replies
-Transfer the property into an LLC – This may allow me to take ownership while potentially avoiding property tax reassessment, however this sounds like an involved process-Establish a living trust for my aunt and mother – The trust would specify that I inherit the property upon their passing and provide step up in cost basis but i'm worried that the living trust can be modified to have me removed (who knows what can happen) - My mother is somewhat volatile.I would like to live in the property and my mother will live in her second property with her husband.
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24 February 2025 | 8 replies
This way, you can offset other income and potentially reduce your tax liability.I recommend discussing your options with a tax professional who can provide personalized advice based on your overall financial picture.
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1 February 2025 | 5 replies
Propane is seemingly less expensive in most areas and provides good heat.
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23 February 2025 | 16 replies
All the agent does is submit the offer, escrow provides all of the prompts, and Docusign makes it so easy.
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4 February 2025 | 2 replies
Quote from @Adam York: Contact your insurance provider and let them know you intend to rent out the home.
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5 February 2025 | 17 replies
We provide this lending criteria to all potential borrowers in an email, shortly after we’ve met.Background: What is your lending background?