5 April 2024 | 1 reply
It’s crucial to note, though, that this extension pertains to filing only and does not grant an extension for making tax payments.Don’t Delay Your PaymentsWhile the extension offers relief on the filing front, it’s essential to understand that it does not exempt taxpayers from making their payments.
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6 April 2024 | 46 replies
@Nick Kohilas The going rate really depends on the market, I've seen as low as 20% some places and as high as 50% in others. 10% is a pretty standard rate for a long-term rental PM, but that's a very different sort of responsibility and on the whole is less time/effort investment per property.
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5 April 2024 | 5 replies
Again, it's crucial to consult with a financial advisor or tax professional to understand the specific rules and implications of withdrawing funds from a Roth IRA, especially within the context of a SDIRA and any conversions involved.In summary, while the strategy of using a SDIRA to lend funds for real estate investments can offer potential tax advantages, it's essential to fully understand the tax implications, including the taxation of earnings and any restrictions on withdrawing funds, before proceeding.
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5 April 2024 | 1 reply
Not even sure I correctly understand the workaround when it comes to making sure things get billed to properties.
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5 April 2024 | 6 replies
Hi Shawn, Thank you for your advice.We have found the American process very complicated believing it was due to being based in the UK and not really understanding why everything was taking so long.
5 April 2024 | 9 replies
If your teammates and colleagues are aware of your contribution they should understand that they need to step up upon your exit or make it worth it for you to continue for them.
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4 April 2024 | 3 replies
In Michigan most judges will throw out cleaning deposits as they are considered standard wear and tear.
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5 April 2024 | 2 replies
I understand how to get to an ARV, account for repair costs, the hard/soft cost of financing, and so on.What advise would someone give in locking up deals?
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5 April 2024 | 2 replies
I understand I get the capital gains exemption for the side I lived in (i.e. 1/2 of the building's appreciation), but am becoming more inclined to just miss out on that and hold on to the first one I bought.
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5 April 2024 | 2 replies
Moreover, I am interested in understanding the feasibility of securing financing from lenders for such a project.I am eager to hear from experienced investors in the community regarding the pros and cons of building versus buying fourplex properties.