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14 February 2024 | 0 replies
Building a network of like-minded people can lead to joint investments and new opportunities.Now, consider the tax benefits.
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14 February 2024 | 1 reply
Additionally, buy-and-hold investors can take advantage of tax benefits, such as depreciation deductions, to reduce their tax liability.House Hacking StrategyHouse hacking is a real estate investment strategy that involves purchasing a multifamily property and living in one unit while renting out the others.
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13 February 2024 | 9 replies
It also is good to show the street view in both directions, so I like to start by heading from the street to the front door.Agents DO have to be careful of not violating fair housing laws on both the state and federal levels, so be sure to do your own due diligence.
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12 February 2024 | 3 replies
I understand you can look at Zillow and leverage public county tax databases to find semi-accurate property tax numbers with comparables.
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14 February 2024 | 4 replies
The issue you'll have is that if you want to defer all tax you must purchase at least as much as your net sale.
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12 February 2024 | 5 replies
What are all of the possible tax deductions when claiming a rental property?
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14 February 2024 | 1 reply
Plenty of other circumstances where this might be needed....bankruptcy sales, tax valuation suits, probate disputes, sales in business breakups, Treasury department sales.Hope that makes sense.
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12 February 2024 | 2 replies
Airbnb issued me a 1099-K tax form, indicating I meet the threshold for gross rental proceeds paid by guests.
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14 February 2024 | 13 replies
I like Texas, but the only thing that holds me back is the higher property taxes compared to North Carolina.1- Money: ok to spend ~300K (prefer to put only 20-30% down) and invest in a couple of properties than buying one in cash2- Prefer cash flow (of course, appreciation would also be great)3-Prefer SFH over duplex just because with SFH (in a good neighborhood), I probably would have less headache and dramaHere are my questions:1- Which city do you invest in and why?
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12 February 2024 | 4 replies
The ultimate goal is to reduce the likelihood of capital calls, while at the same time streamlining work for the bookkeeping team.Example: We're buying a 40-unit apartment complex (in Michigan) with an annual property tax bill in year 1 of approximately $50,000.