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13 March 2024 | 13 replies
For example, there are plenty of people, including accountants, trying to sell their services on BP (granted with various competencies...).Even if you did a "sales" job, there is still paperwork and analysis to be done.
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12 March 2024 | 22 replies
If you haven't already, a professional eviction service might offer additional strategies for dealing with difficult tenants and can coordinate with law enforcement to ensure safe access for inspection.Hiring private security for a short period post-eviction can help ensure safety.
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13 March 2024 | 11 replies
I am still actively acquiring more.
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13 March 2024 | 7 replies
Hey Lauren, I am a developer in San Diego and pretty active in the market.
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12 March 2024 | 4 replies
Hey all, remote investor here that has some property in 64132 and it looks like (online listings anyway) that there is a decent amount of flip activity happening between 75th and 85th between Troost and Prospect in south KC.
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13 March 2024 | 13 replies
BiggerPockets rules explicitly prohibit us from offering our services, not publicly and not privately.
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13 March 2024 | 11 replies
Looking to do around 100 for the my first campaign.There are service providers in the market to do direct mailing much much more efficient and better than you do it personally.
12 March 2024 | 1 reply
Can the MLO recommend buyers to use his broker services on the listing to find lender?
13 March 2024 | 2 replies
While we are actively working on our personal trust...
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12 March 2024 | 4 replies
.- Understand passive activity loss rules limiting deduction of losses from passive activities.Capital Gains Taxes- Be aware of tax implications when selling property, considering short-term and long-term rates.- Explore strategies like 1031 exchanges to defer capital gains taxes.Deductions and Expenses- Know eligible deductions: mortgage interest, property taxes, insurance, maintenance, and management fees.- Maintain detailed records of all real estate-related expenses.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.