Jose Solorzano
New house construction & No Experience. Help! 2 lots to build a House/JADU and ADU
12 March 2024 | 3 replies
Currently submitting final plans that include Architectural and subdivision approval.
Oscar Toledo
Billboard lease proposal...how much for a lease? $1000? $2000?
12 March 2024 | 19 replies
I would say only if you plan to use the property for another purpose or if the property is really cheap and fits within the building guidelines.
Walt Viera
New Member starting late with little
13 March 2024 | 28 replies
House hacking is one of the most popular strategies you can take and it can be a great way to build wealth and generate passive income, but it's important to have a long-term plan in place.
David Wilkins
Hello From South Carolina
12 March 2024 | 5 replies
I have actual never heard of the group, I looked them up and plan on attending it within a few months after I finish college(I'm currently in the upstate).
Kristy Sue Haines
Hoarder home to rental
12 March 2024 | 1 reply
We were not educated in the work and financial planning for such an undertaking.
Katy Knight
To Pay Down My Loan or Buy Another Property
12 March 2024 | 1 reply
I’m not planning on staying in this home for more than 4 years and when I’m ready to move I’m either going to sell it or use it as a long term rental.
Kyle Kline
Financing Options for BRRRR Method?
13 March 2024 | 11 replies
with hard money you're going to pay interest on the loan, which can be pretty hefty, especially if the rehab goes longer than planned.
David Ounanian
What tax benefits or implications should I be aware of as a real estate investor?
12 March 2024 | 4 replies
.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.
John Ciallella
Can I buy in my name and transfer to LLC?
13 March 2024 | 17 replies
I plan on transferring my properties under an LLC due to partnerships and etc
Kristy Sue Haines
Hoarder home to rental
12 March 2024 | 0 replies
We were not educated in the work and financial planning for such an undertaking.