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28 December 2024 | 1 reply
Your bank account will thank you!"
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31 December 2024 | 418 replies
I also asked if there was accounting I could see that shows my share of the equity as a whole?
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5 January 2025 | 17 replies
I’d recommend building relationships with agents and accountants familiar with these markets too—state-specific tax strategies could make a big difference in your bottom line.I’m excited to see how this plays out for you!
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26 December 2024 | 7 replies
I recommend that you speak with a real estate accountant to see if you will benefit from a cost segregation first.
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4 January 2025 | 11 replies
Ultimately, consulting with a real estate focused accountant is the move here, but this should be a helpful primer.
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25 December 2024 | 1 reply
I did find a CU that offers that product but they don't take into account the rental income from the other units.
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2 January 2025 | 25 replies
I think some hosts would account for the cost of purchasing good quality bottled water as well, which is why the Brita water pitcher is popular.
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29 December 2024 | 13 replies
Starting out, I would try to take equity from your primary/another property using a HELOC, borrower against a 401k/retirement account, or partner with someone that has cash.
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10 January 2025 | 28 replies
Yeah exactly, I use funded accounts so Im not risking my own money on my day trading income and have one of the best traders in the industry that is mentoring me who has made millions and millions but yeah that is a primary factor why I want to get into real-estate is the more long-term aspect and the slightly more passive side to the income ( obviously not negating work but when compared to a job income ) Thanks for your insight and the warning on day trading is 100% valid and most people lose money especially people trading with their own money.
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24 December 2024 | 9 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.