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21 February 2025 | 18 replies
Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who do they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?
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28 January 2025 | 27 replies
Mgt, Landscape/Snow, tax, insurance, utility then debt service.Â
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12 January 2025 | 28 replies
This might make sense, but again, you are just deferring the taxes and now pushing tax from capital gains to ordinary income.Â
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23 January 2025 | 5 replies
There are two reasons this is a bad idea.Investing with an SDIRA (assuming it is not a Roth) will often result in paying significantly more taxes.Â
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15 February 2025 | 77 replies
I also understand that HELOC interest is NOT tax deductible as it once was.
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27 January 2025 | 35 replies
Another wildcard is that the tax office opened in The UAE a year ago.
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22 January 2025 | 10 replies
So all of the gain and depreciation recapture are initially still tax deferred.However, like Joe said, the down side is later when sold you lose the 1031 option. the client will pay tax on all gain and depreciation recaptured from before the 1031 also.Â
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21 January 2025 | 2 replies
If you think ahead, you can minimize recapture with the right tax planning.So what is recapture?
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4 February 2025 | 9 replies
The big advantage is having the capital gains spread out over many years to avoid a huge tax bill.
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14 January 2025 | 3 replies
Was able to gain some leverage prior to negotiating which resulting in a great outcome What was the outcome?