6 February 2024 | 10 replies
Land is so cheap that if you do end up buying a large tract taxes are really cheap and you could build your own portfolio of land in areas you desire. - Double closings/Assignments - As the land market is getting saturated with other investors.
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5 February 2024 | 10 replies
My situation is that I wonder if I can use being a real estate agent as a strategy to save on taxes by creating a solo 401k.
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5 February 2024 | 6 replies
If you have been working on it but not listed anywhere, you can't deduct any expenses until next tax cycle.Also, I would highly suggest you get yourself a CPA that can help you.
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6 February 2024 | 9 replies
A $500k place renting for $3,500 but $500k at 6% is $3,000, add $100 for insurance and $300 for property taxes and you’re offering to buy the place they are renting to you for $3500 for a $100 less than the rent.
7 February 2024 | 18 replies
Sarah's a qualified Accountant and has always dealt with our tax affairs, in the US and in the UK, so it makes total sense for us to take back control...
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6 February 2024 | 108 replies
Also, for the taxes did you have to file state tax returns in all the states where there are mobile home parks that is for the ODC fund?
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6 February 2024 | 16 replies
I am not opposed to flipping, but I need to educate myself on the tax implications first.
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6 February 2024 | 16 replies
For the life of me I can’t really find a property to flip locally but the ones I’ve bought and held for 2 years have appreciated significantly and if I was to sell some of them now after all taxes, commissions and expenses were paid I’d probably profit about $65,000-$85,000 on the 2 year properties.