John Marlin
How to convince seller to owner finance duplex?
26 January 2024 | 6 replies
How might owner financing potentially reduce his tax liability?
Mike Spence
Bowling alley? Like for Like, mixed use?
26 January 2024 | 4 replies
If split , the 1031 to the property would work in my name, business purchase could be with partner. 250k proceeds from duplex sale (pre-tax).
Art Webb
Real Estate Title Options w/ Trust Down Payment
26 January 2024 | 2 replies
Obviously, non of this is legal or financial advice just for discussion on an online forum you should consult your own legal and tax professional.
Gabriel Turmero
Any young likeminded aspiring investors?
26 January 2024 | 7 replies
Just trying to find my niche, whether it’s wholesaling, Tax liens & Deeds, or other investments strategies I’m always down to connect with local like minded individuals to share advice and opinions
Georgeos Partheniou
Llc vs Personal cash out refinance
26 January 2024 | 20 replies
You pay the taxes on your personal return.
Jeremy Porter
Mastering Rental Property Finances: A Property Manager's Guide to Expense Tracking
26 January 2024 | 1 reply
., utilities, insurance) to minimize manual data entry.Schedule automated reminders for upcoming payments to avoid late fees.Implement Vendor Management Practices:Negotiate vendor contracts to secure favorable terms and pricing.Regularly review vendor performance and explore cost-saving alternatives.Regularly Review and Adjust Budgets:Periodically review and adjust budgets based on property performance and market trends.Factor in unexpected expenses by maintaining a contingency fund.Train Staff on Expense Tracking Protocols:Provide training to staff involved in expense tracking to ensure consistency and accuracy.Establish clear protocols for expense reporting and reimbursement.Document and Analyze Expense Trends:Document and analyze expense trends over time to identify areas for cost reduction or optimization.Utilize historical data to make informed decisions on future budgets and expenditures.Stay Informed about Tax Deductions:Stay informed about tax deductions related to property management expenses.Consult with a tax professional to ensure compliance and maximize tax benefits.Conclusion:Effectively tracking expenses is a cornerstone of successful property management.
Jeff Love
Active Military trying to grow SFH portfolio
26 January 2024 | 13 replies
Make sure your tax pro is familiar with active duty military tax rules.
Michael A.
Can I write off sales tax on repair items
25 January 2024 | 1 reply
There were some repairs I had my handyman do that had a cost plus the sales tax.
Daniel O'Dowd
6 month cash out refinance still applicable?
27 January 2024 | 6 replies
DSCR loans - there are DSCR loans that have much shorter seasoning period like 3 months and 6 months, and these financing doesn't require tax returns or W-2
Josh Tagge
Finding Vacant/Raw Land
26 January 2024 | 5 replies
As with most investors I am looking for vacant land that is currently owned by distressed owners that have pending tax obligations.