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15 May 2024 | 8 replies
Currently, I'm focusing on building capital, saving, and investing to have more cash on hand until my next project, so for now, I'm simply educating myself on tax codes, financial investing, syndications, accounting, and creative ways to get involved in real estate investing.
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15 May 2024 | 9 replies
Talk with your tax accountant about primary residence 2 out of 5 years.
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15 May 2024 | 21 replies
But with the financed deal the renter pays the mortgage down allowing you to tap a percentage of the equity as a tax free loan.
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15 May 2024 | 1 reply
Thanks to the Cost Segregation Study, the property investors were able to reclassify the property into shorter useful life categories resulting in first year depreciation of $203,600.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.
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15 May 2024 | 2 replies
I never borrowed against my crypto to expand my stake, but I can and do leverage my property investments.Getting taxed on the sale of your crypto hurts.
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15 May 2024 | 7 replies
If you have an entity with an EIN, and that entity either owns the property (named on title) or constructively owns the rental, then use that.Otherwise, then SSN.Ultimately this has very little effect on the tax return, liability, etc.
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15 May 2024 | 22 replies
I could only get 1 DSCR lender to do 1 of my SF properties due to the low ARV, the fees and interest rate are absolutely not worth it.Are you bundling properties together when refinancing?
13 May 2024 | 4 replies
(Oz Realty charges a one-month placement fee which does eat into returns over time.
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15 May 2024 | 9 replies
If I'm reading that correctly, it means if you back out then there is a fee that is likely coming out of your deposit.
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15 May 2024 | 3 replies
Only interested in STR due to tax benefits unfortunately.