21 December 2018 | 1 reply
As we go into 2019, figured I'd share a tax related planning tip that I personally feel will be important for business owners and RE professionals moving forward.
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24 December 2018 | 4 replies
Look for groups who offer referrals to local contractors, Relators, etc.
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4 August 2021 | 22 replies
If you have an ADU on your property that was built without the required permits or inspections, you now have five years to bring your structure up to code as long as the issues are not related to health and safety.
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23 December 2018 | 10 replies
DepreciationNo self employment tax on passive incomeYou get to write off your mileage, interest, taxes, and other expenses related to the investment property.
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23 December 2018 | 10 replies
4% might be the APR now, @Kevin Reik , but though there are fixed interest HELOCs with relatively high rates, most are variable, and interest rates are rising.
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22 December 2018 | 6 replies
We've been eyeing West Seattle due to the relative affordability and landscape but her colleagues cautioned us not to live anywhere where we need to cross a bridge to get into the city due to the traffic.
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12 October 2019 | 10 replies
@Antowayne Watson Here are a few of my favorites, some are not directly related to real estate but are great and will help in your real estate journey.
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29 December 2018 | 10 replies
FHA requirements are actually pretty lenient and can be met relatively inexpensively and some sellers may allow you to do the work before closing.
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24 December 2018 | 70 replies
I started a Partnership with some friends and relatives who mainly are Stock Market Investors.The purpose of the Partnership, in this case an LLC, was to purchase a $1.5 Million 3 Family in Brooklyn, All Cash.3 months ago I told everyone to pull out their cash in the Stock Market.They completed their stock sales a few weeks ahead of the Market falling off the cliff.I then closed on the 3 Family at a very good Price, collected a $40k buyer's commission as I am also the Buyer Broker, and just finished renting the 3 Units, signing the last apt lease in a few days, getting approximately $6k per month in Cash Flow for the 1st year.Not only that, I am securing an Investment HELOC at a 50% LTV, so roughly $750k, which I can use to investing in the Stock Market.I had already anticipated the fall of the Market as the inevitable Corporate Tax breaks had to wear off eventually.There just isn't enough consumers that benefited, in my opinion, therefore Corporate Revenues cannot increase and profits has to either stabilize as the max Corporate Tax breaks levels off.Really, only one way to go.I am anticipating the decline to last for a while.As an Trader, however, I will eventually buy long term growth stocks but also hedge it with PUTs in case I get in a bit too early.My friends and relatives are ecstatic as they probably saved a decline in their net worth by as much as a $1 Million.BTW, there is an old saying, "It is easier to make the 1st Million than it is to keep the 1st Million."
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22 December 2018 | 3 replies
Is that related to bonds?