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16 February 2025 | 7 replies
That really set my business back.My suggestion is to use an agency short term, but try to always have a VA you're managing on your own.
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2 February 2025 | 22 replies
@ Felipe, If you still manage properties in New Britain, I would like to learn more about your business.
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23 January 2025 | 15 replies
I typically don't comment on other's businesses unless I know from personal experience.
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24 January 2025 | 9 replies
I have two phones, one for business and one for personal.
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15 February 2025 | 6 replies
All disclosures are to the seller, escrow, IRS, that kind of thing.In one lawsuit, the judge determined that the lender had constructive notice because I had recorded the warranty deed and was making payments from my business checking account.
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5 February 2025 | 5 replies
So if you are in a 30% combined tax bracket you get an additional $3K due to write offs.If it is a rental, you can write off the business expenses and the depreciation on the non land valuation.
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27 January 2025 | 4 replies
How's business going for you?
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30 January 2025 | 19 replies
So yes, it's about knowing your business and being very specialized.
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22 January 2025 | 8 replies
@Jacob HavlovickBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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12 January 2025 | 8 replies
If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!