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28 January 2025 | 20 replies
I no longer do my own taxes and hire a CPA.
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19 February 2025 | 3 replies
Does anyone issue a flat rate to tenants each month to off-set water bill.
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1 February 2025 | 1 reply
A high property tax rate will increase the taxes more quickly as a percentage of total expenses when the property value increases.
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13 February 2025 | 9 replies
When dissolving your two-member LLC and selling a property, deferring capital gains taxes individually can be complex.
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20 February 2025 | 10 replies
Is it the high property taxes?
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13 February 2025 | 5 replies
Quote from @Nicole Laba: I work with investors in Chicago who are actively buying off-market properties, and Ive noticed that everyone has a different approach when it comes to sourcing deals.
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21 February 2025 | 2 replies
Quote from @David Brooks: I've received advise that our friendly STR loophole can not be used to characterize STR income/loss as non-passive on a California tax return.
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16 February 2025 | 3 replies
Money has to come from somewhere so where will it come from.issue will be if they increase sales tax it will be regressive tax as those who rent and don't own and have low wages will still pay more for everything.
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4 February 2025 | 6 replies
Write handwritten, honest letters.
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17 February 2025 | 3 replies
We decided to market it as a 4 bed/1 bath with an office.Listing Price - $199,900Property Taxes - $2,230.13AssumptionsPurchase Price $230,000In this case I had seen similar properties selling for $225K - $250K so I felt the property was listed low to drive up interest.