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15 March 2024 | 5 replies
Because otherwise its becomes very difficult to manage these things.Do you know if there are any tax implications from moving the property in and out of an LLC for a cash out refinance.
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13 March 2024 | 55 replies
Secondly, leverage social media platforms like LinkedIn to showcase your expertise and connect with potential investors.
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14 March 2024 | 9 replies
We are looking for someone to help us file taxes (both for LLC and personal) for this year and try to mitigate any tax loses, but also who we can build long term relationship as we grow our portfolio.
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14 March 2024 | 6 replies
The rest of my tax/income situation is very basic.
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15 March 2024 | 1 reply
Sometimes its smarter to sell due to the tax benefits our country provides (stepped up basis).
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15 March 2024 | 5 replies
I would speak to your tax advisor on ways to potentially avoid this.
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13 March 2024 | 6 replies
There are a few types of people who will buy your end of line flips….1) Those that will only buy truly safe … battle born… “equity the day I buy”.. opportunities And/or2) those that were trained to see real estate investing as a much more risky “ investment”… in other words “ a buy that “SHOULD” have value after appreciation”With Buyer group #1… if you provide truly investor grade deals that haven’t been stripped of most of the equity before you try to flip, you will build a following of investor grade buyers that WILL pay cash and CAN close “ as soon as the title search is done”… This will net smaller nets for you initially , but you will own a REAL Buyers list… that WILL have the experience… to REALLY CLOSE ASAP.And that will make your machine run MUCH more smoothly.Or2) you can initially max out your net on a few deals as you scape out most of the equity for yourself… but you will only be working with non experienced buyers.. who will buy ….one… realize that they are in WAY too deep… have no B plan.. and they will be FAR less likely to buy again… AND they may never even make it to your first closing .So.. your choice… cultivate a crop of GREAT slam dunk , low work load real buyer investors…. where all you need to do is find the property , mark it up a LITTLE ..and we do all of the rest of the work…Or sew a crop of weeds…I do spend a little bit of my time asking wholesalers to take me off of their lists.I would love to buy from you.I don’t want to spend my time doing the initial marketing.I am willing to pay for your valueBut I don’t buy properties that don’t have TWO exit strategies1) enough equity AT CLOSING so that, at the very least I could sell it TODAY without taking a loss…..AND2) after my expertise ….
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13 March 2024 | 1 reply
Which makes us concerned about investing such a large amount of money.I would love to hear some opinions on whether or not I should jump on this opportunity.We appreciate your insight and expertise!
15 March 2024 | 3 replies
I just saved 6-8K, with tax, 7-10K.
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15 March 2024 | 3 replies
The monthly payment is about $2,300 which includes insurance, property taxes, and P&I.