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12 March 2024 | 16 replies
I would assume that occupancy rates and price per nights are going to drop drastically due to the new competition.
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12 March 2024 | 4 replies
.- Understand passive activity loss rules limiting deduction of losses from passive activities.Capital Gains Taxes- Be aware of tax implications when selling property, considering short-term and long-term rates.- Explore strategies like 1031 exchanges to defer capital gains taxes.Deductions and Expenses- Know eligible deductions: mortgage interest, property taxes, insurance, maintenance, and management fees.- Maintain detailed records of all real estate-related expenses.- 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.
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12 March 2024 | 22 replies
Law enforcement will be present and I will be paying the hourly rate for them to stick around for a bit.
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11 March 2024 | 6 replies
We would enjoy keeping vacancy rates as low as possible, providing great tenant support, and even some simple maintenance and up keep on short or long term rentals.
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12 March 2024 | 4 replies
You can definitely 1031 and purchase in an LLC, you'll pay a bit more for the rate but it's an option.
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11 March 2024 | 3 replies
I have been using a HELOC (8.3% interest rate) for Mortgage notes to make 10-12%.
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11 March 2024 | 14 replies
One would have to be nuts to use a fintech bank and a public bank who's credit rating is crap when holding your (or your client's) money.
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12 March 2024 | 15 replies
Higher price and higher interest rate to the buyer.It turns out to be a nice cash flow situation for 10 years or more.Getting 60k down payment is super duper.
12 March 2024 | 1 reply
@Kile Baker if you can't get a price like this to cashflow with a 2.5% interest rate, what do you think you'll get to cashflow?
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11 March 2024 | 0 replies
I cash out refi all of my single family investments during the times when rates were at their lowest.