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10 March 2024 | 8 replies
If I am the only one materially participating in STR, can we deduct STR depreciation from my spouse's income if we file taxes jointly?
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6 March 2024 | 2 replies
However, I am unsure as to what the best type of entity would be to set that up (from a personal liability and tax liability stand point).I've been investing in real estate locally in the U.S. for over 10 years, but this is something new for me.
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11 March 2024 | 6 replies
We have land (already paid off and just pay property taxes) but just haven't bought the home to place on our property.
11 March 2024 | 9 replies
Some just make perpetual threatening phone calls.Some start court actions, so they get a money judgment which they can use to at least garnish state income taxes (you can't garnish federal returns).Property owners need to start asking PMCs HOW they will execute their services, so owner expectations can be better met:)
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11 March 2024 | 10 replies
Taxes DO NOT reassess on the sale. 2.
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8 March 2024 | 4 replies
i have 2 question. do i pay the capital gain tax in the state where the asset is located. how much do i have to pay in taxes if i do not want to do a 1031.
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11 March 2024 | 14 replies
I highly recommend it.If you have any other questions or need any bookkeeping or tax help, please feel free to reach out.
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10 March 2024 | 14 replies
Typically, getting into the 5-unit range can get overwhelming for people and take up too much of their time.A good real estate focused bookkeeper will save you a lot of time and headaches... especially during tax prep.
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12 March 2024 | 40 replies
This is for tenant occupied or turnkey properties that I want to cashflow, not hold for losses, deductions, or depreciation to offset taxes.
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11 March 2024 | 13 replies
I’ve been doing BRRRRs in Memphis and Detroit since late 2020 and now have 9 doors across those markets. 100k with the right deals can allow you to scale to about 8 or so doors that all cash flow (after taxes, insurance, property management, mortgage) about 400-500/month each.