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12 March 2024 | 5 replies
Let them know - as specifically as possible - what you are trying to achieve.
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12 March 2024 | 7 replies
I ended up choosing Ohio as my target market and more specifically Columbus.
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12 March 2024 | 20 replies
Review Michigan Landlord-Tenant Laws: Familiarize yourself with the landlord-tenant laws specific to Michigan, particularly the eviction process in Ecorse.
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12 March 2024 | 4 replies
.- 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.
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12 March 2024 | 24 replies
Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).
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12 March 2024 | 6 replies
Here in Colorado, STR rules are city and county specific and the laws vary widely across the state.
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12 March 2024 | 6 replies
Hi Nick, the loan officer should be able to get you some type of term sheet or quote that shows the different costs associated with that specific loan and scenario.
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11 March 2024 | 5 replies
Compare the level of specification after renovation to that of comparable properties in the area.
12 March 2024 | 8 replies
@Jessica Morrisonwhat's your specific question?
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12 March 2024 | 9 replies
great idea...i should be more specific on the terms with what i plan to rent to see what can be worked out by the lender