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10 February 2024 | 21 replies
This way you can use good debt to buy your properties. i have also learned there are local federal programs in your home county that can assist you with paying your down payment and closing costs on your first property called SHIP program, or other programs like USDA or FHA can get you vey low down payment rates. hope this helps!
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10 February 2024 | 9 replies
When you sell to your new entity vesting your title insurance is no longer valid, and you owe transfer taxes.
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9 February 2024 | 18 replies
I came to realize that for service animals or ESAs the NJ/Federal law does not permit charging any deposit or rent.
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10 February 2024 | 3 replies
I'm moving forward with flipping and not stopping anytime soon.Would like to set things up the right way, as soon as possible as well a CPA to make sure my taxes are on point.
10 February 2024 | 21 replies
Not only do I want to avoid paying taxes on that money, but we want to invest it as well.
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10 February 2024 | 2 replies
@Ty GlendenningWhy would you sell a house on owner financing if somebody would pay cash for it.While a lot of people think, seller financing is a great idea, the risk involved to collect the payments that then get taxed ordinary income are equivalent to investing it currently in a treasury bill, which has zero risk.
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10 February 2024 | 10 replies
(old clients, new leads, random tax record lists (FSBO, Pre foreclosure etc) You can do this remote and just book appointments for anyone in the real estate industry.
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8 February 2024 | 3 replies
Anyway, they have charged me $75 for "tax processing fee 2023".
8 February 2024 | 3 replies
Quote from @Madhul Shah: If an individual purchases a rental property and incurs expenses for property management, maintenance, and mortgage interest, how are these expenses typically treated for tax purposes, and what impact do they have on the individual's taxable income from the rental property?
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8 February 2024 | 2 replies
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.