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8 July 2022 | 4 replies
You can determine with them whether you want to look back 30 days, or quarterly, or whatever.
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4 July 2022 | 4 replies
If the seller has no plans for the money, this gives them a big chunk to do something different with their life while avoiding taxation on $1.3 million, and it gives them steady income for the next five years before another big payday.2.
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7 July 2022 | 4 replies
Apparently she also obtained advanced taxation training somewhere like Grant Cardone YouTube Academy of Living Tax-Free (yes, I'm making this part up).
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11 July 2022 | 28 replies
The fed has already all but committed to more rate hikes, and my own personal speculation is that inflation numbers will continue to be bad for at least the next couple quarters, which will cause the fed to clamp down further with higher rates.I suggest you create a "worst case scenario" financial model, where everything goes horribly wrong in your deal (i.e.; rates go way up, the property has major unexpected capex, vacancy is high, etc., etc.). ...in fact, I'd say that ALL investors should create a "worst case scenario" model when analyzing any property...although that worst case scenario may not occur, knowing what it would look like will help you make a better decision.Good luck out there!
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7 July 2022 | 10 replies
We have a "team" of cleaners, and we gain and lose a few every quarter basically.
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7 July 2022 | 4 replies
I found out that in Illinois you don’t pay property tax at a certain % disability rating and wanted to get insight.
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1 August 2022 | 7 replies
The owner decided this would benefit him best tax wise and I believe it will also help me, because I should be able to claim deprecation on Land Improvements and Contents on 2023's returns as long as the deal goes through in 1st quarter of next year.
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15 July 2022 | 19 replies
I personally have a multifamily property in Tampa proper and did two renewals this quarter and raised them both by $100 even after it was already market rent last year.
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9 July 2022 | 6 replies
It works with a house but then you are renting per room where I like my own space so I would prefer separate living quarters.
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19 July 2022 | 19 replies
We are the main GP on the deal, and are looking to do a deal a quarter out here in Phoenix.