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17 November 2024 | 1 reply
Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capital gains taxes by reinvesting the proceeds from the sale into a similar “like-kind” property.
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21 November 2024 | 20 replies
If your credit is decent then I would utilize your cash as leverage to leverage:1.
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20 November 2024 | 11 replies
Trying to manage a $1M Airbnb rental while it sounds good you got $6500 in bookings you still have significant costs to operate it with maintenance repairs, utilities etc.
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20 November 2024 | 23 replies
If you're planning on utilizing a self-showing model with cameras you'll need to make sure you disclose to prospective tenants viewing the property that there are cameras on premise.At scale, we've coordinated 160,000+ on-demand/self showings with smart lockboxes over the past 5 almost 6 years with very few issues.
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19 November 2024 | 6 replies
This explains why your taxable income was zeroed out on Form 1040, even if the standard deduction wasn’t utilized.
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19 November 2024 | 7 replies
Assuming you don’t meet the 500 hour test, you will likely need to document the time of others spent working on your property.In addition, you need to have guests at your property as well.Until you are 100% sure you can utilize the short term rental loophole, I’d wait to do the cost segregation study.
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1 December 2024 | 377 replies
Using a Heloc utilizes the equity that is sitting dormant, it provides tax relief (once again check with your tax professional) as it is interest income, you can typically get a reasonable rate andlastly there is no out of pocket money.
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19 November 2024 | 11 replies
When your tax professional prepares your 990t they will utilize the Cost Seg to minimize the UDFI tax.
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15 November 2024 | 12 replies
I am putting it up on Facebook, Craigslist, etc. but is there anything else a newbie can utilize that you have found success with?
21 November 2024 | 24 replies
Maybe they work for the fiber company and they want to put some kind of utility hub there.