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2 April 2024 | 1 reply
Hey @Christian Hanus, LLC are passthrough entities for tax purposes (unless you elect to do c corp which is not applicable here) So you hiring yourself to do your own renovations really doesn't do anything material.
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1 April 2024 | 7 replies
Anyone who tells you otherwise or claims to have done these deals in volume is likely willing to sell you a course.
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1 April 2024 | 5 replies
Is this after tax or pre-tax & what type of tax treatment is this investment recieving?
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2 April 2024 | 15 replies
Strong job growth, landlord friendly, and 4th lowest property taxes in the US make investing in NV make sense on paper too.
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30 March 2024 | 9 replies
I understand that as one acquires more types of assets, taxes can become more complex, and I want to ensure I'm maximizing my savings.Are there any CPAs in this community who also own real estate and could offer guidance or share their experiences in navigating taxes as a real estate investor?
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2 April 2024 | 20 replies
If this is your first property/new PM, don’t take the PM’s word for a fact, especially if there is some info you feel they are not providing… I had a PM who claimed they got no HUD payment for a given month.
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1 April 2024 | 1 reply
But have you ever considered how beneficial they can be as a tax strategy for estate planning?
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1 April 2024 | 5 replies
Because tax and logistical benefits are so different.
2 April 2024 | 8 replies
(lower PITI) Get cheaper property taxes - argue with county with a Property Assessment Appeal that your home is worth less than what they appraised it for, thus lowering your property tax burden (portion of your mortgage payment)4.
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1 April 2024 | 4 replies
However, since you already filed 2021 and 2022, the adjustment will be happening on your 2023 taxes.