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15 February 2024 | 95 replies
Because I have large reserves and have multiple income streams, I value gain from appreciation more than the cash flow that ends up taxed.Good luck
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14 February 2024 | 6 replies
The loan would be based off of the cash flow or return on investment of the property itself instead of your personal income.
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15 February 2024 | 10 replies
It's strange that you've had little interest in the portfolio of properties...unless they're not producing income or improperly priced based on location, condition, etc.
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16 February 2024 | 22 replies
My theory is that not too many people want to buy them - the people living in those areas don't have a high enough income, credit score etc to purchase at 7% interest rates and it's investors who have a high risk tolerance who will buy them (like me and I don't have a high risk tolerance, just made a bad decision).
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14 February 2024 | 31 replies
I have a spreadsheet set up already but the "Short term rental, long term wealth" book didn't go into that much detail in estimating gross annual income.
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15 February 2024 | 10 replies
My travels to Hawaii in November, Peru and Chile in January and now here have all been very successful, and I have managed to save a good chunk of my income, while traveling, each month (although the only reason I was able to save money in November when I was in Hawaii is because of a timely bonus from that I spent very little of —man that place is expensive).
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15 February 2024 | 8 replies
One element you must incorporate into your search is income predictability.
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14 February 2024 | 16 replies
Specifically discuss with your CPA the ability to deduct depreciation expense over time, allowing you to deduct a portion of the property's purchase price as a non-cash expense, meaning you can lower your taxable income and potentially lower your tax liability.In other words, you can reduce your taxes by writing off expenses from your total taxable income.
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14 February 2024 | 35 replies
We absolutely need this investment to become an income stream for us.
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15 February 2024 | 8 replies
Hi all,I believe it is common to have a situation where one spouse brings in majority of the W2 income and the other is either a stay-at-home parent, works part time, etc. and they can easily qualify as an RE professional for tax reasons.