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6 May 2024 | 12 replies
You may lose your tax benefits by transferring into the LLC, and have to pay capital gains tax on any gains you have...talk with a CPA about this.
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6 May 2024 | 7 replies
Assuming you have owned the property for less than 12 months the real number for cash in the bank will not be $50K because of the taxes you'll pay from Short Term Capital Gains.
6 May 2024 | 6 replies
We are looking for recommendations on a good Lawyer and CPA that practices real estate law, taxes and strategies.
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6 May 2024 | 1 reply
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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6 May 2024 | 30 replies
I would use this report to get a credit and plan for maintenance items to come up sooner rather than later due to installation error on the new work.
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8 May 2024 | 20 replies
Make sure to pick houses that still make money after you pay all bills, like the mortgage, taxes, insurance, upkeep, empty times, and management fees.
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6 May 2024 | 2 replies
I have a complicated situation in showing proof of income, however, I have a great credit score.
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6 May 2024 | 23 replies
We had to pay the utilities directly to Baltimore City to stop the late fees from piling and have our credit affected.Maverick, on the other hand, continued to advise us to be patient.
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6 May 2024 | 11 replies
If you plan to live in the property, you may have a better (IMO) option of using section 121 to avoid cap gains taxes up to $250k filing as an individual, $500k as a married couple.
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7 May 2024 | 5 replies
The best investors I know are using Real Estate for tax purposes and appreciation.