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2 March 2024 | 6 replies
Hi Ian, Because 1031 exchanges are a method of tax deferral, not tax avoidance, you will need to go back and look at the original property's "basis" when estimating your capital gains tax.
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2 March 2024 | 43 replies
A break-even duplex in CA has the potential to have high cash flow in just a few years due to the following 1) low prop taxes increase of 2%/yr 2) low turnover due to rent caps 3) 7-10%/yr rent increases 4) better tax shieldingThe real question is whether you’ve underwritten the duplex correctly.
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3 March 2024 | 36 replies
I can prepare a tax return but I hire an accountant because they are experts.
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2 March 2024 | 4 replies
If one is renting out a percent of their personal property, that same percent of the profits will be subject to capital gains tax at the time of sale.
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29 February 2024 | 8 replies
I've been talking with my accountant to try to figure out tax implications or deferring taxes through a 1031.
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3 March 2024 | 6 replies
Not sure if interesting, but my buddy just launched a tool to help find off market properties across the US based on tax delinquencies, probate, pre-foreclosures...etc. the moment the information gets published from the municipalities so you're the first call/email the owner receives.Happy to connect you to him if interesting!
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3 March 2024 | 8 replies
I prefer to be the GP and control the assets with my post tax dollars since it's my field of expertise vs becoming a private money lender with preferred returns but no control on performance.
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2 March 2024 | 16 replies
Transfer taxes in PA are no fun.
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29 February 2024 | 18 replies
"Legacy Wealth + Tax Strategy of 2-30 years" aka which means nothing.
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2 March 2024 | 9 replies
Title companies would do these types of deals.The ones that may not be insurable are the ones that were sold at tax deed sale, that you would need to first talk to a title company about.