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2 January 2025 | 14 replies
If electing S Corp status, pay yourself a reasonable salary to avoid IRS scrutiny.To be honest with you, you don't need any kind of Corp for tax savings unless you reach a certain amount of net income.
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2 January 2025 | 12 replies
This can lower your tax bracket potentially and you earn interest on the income you would have normally paid Uncle Sam.10) At the close of escrow, move funds outside of the taxable estate to avoid the 40% estate tax on amounts over $11M single or $22M married couple.
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2 January 2025 | 13 replies
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!
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29 December 2024 | 23 replies
Your best bet is to keep liquid cash and avoid PMI.
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11 January 2025 | 31 replies
And the ONLY way to know the actual laws and rules of bidding at foreclosure sales.For Pre foreclosures Eric is correct many states have enacted laws that must be followed to avoid large penalties when dealing with Owners Occupied homes that are in foreclosure.
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2 January 2025 | 5 replies
A friend of mine invested in one last year—apartments upstairs, a small coffee shop downstairs - and the combination of income streams made it a steady performer.Scaling with a 1031 Exchange:While not applicable unless you sell a property, planning for a 1031 exchange could help you scale quickly while avoiding capital gains taxes.
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11 January 2025 | 12 replies
I would avoid furnishing.
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15 January 2025 | 34 replies
Everything the banks do is for the reason of avoiding liability in case the borrower catches on.
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2 January 2025 | 10 replies
.- Avoid being the mediator, judge, and jury
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3 January 2025 | 14 replies
They strategically avoid speaking to customers and offer support via online chat to a non US based helpdesk.