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17 March 2024 | 6 replies
I have my broker's license and I still use my longtime realtor to show me properties; I just needed my broker's license to set up our property management company, and I also get to use it for full-time real estate professional purposes at tax time (I'm retired); I don't use it for looking at properties or anything of that sort.
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14 March 2024 | 8 replies
And keep in mind this is in addition to your normal tax liability.
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17 March 2024 | 13 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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15 March 2024 | 0 replies
I have had tenants in them and am looking for clarification on what I can claim on my taxes.
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16 March 2024 | 8 replies
@Brandon Curry The first thing I would do is check the tax rate. $900 is a pretty big jump.
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15 March 2024 | 1 reply
Looking to build my team and need an experienced tax accountant who preferably has there own real estate and know the law advantages related to that area.
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15 March 2024 | 5 replies
Option 1 involves playing it safe by keeping properties in your name and focusing on robust insurance coverage, sacrificing some LLC liability benefits.
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17 March 2024 | 15 replies
Insurance and taxes seem to be going up and you want to cover those costs.#2.
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15 March 2024 | 7 replies
It should not have any bearing on the liability veil of the LLC.
16 March 2024 | 5 replies
You are charging 10% interest, which gets taxed at ordinary income so you will pay 2-5% state tax on that money as well as your income tax level.