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28 August 2024 | 3 replies
. - along with inconsistent incomeTo be honest this person should not be investing in real estate and focus their time and energy on getting a stable w2 or income and get their credit cleaned up first
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27 August 2024 | 11 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.
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28 August 2024 | 8 replies
I have maybe 3 or 4 states in mind, I am trying to see where I could move that would be the most cost efficient for me.
30 August 2024 | 30 replies
But you can shape your portfolio to become more passive or cash flow efficient or less exposed to local laws without having to pay the high costs of exit. 1031 exchanges allow you to move from any type of real estate anywhere in the country to any other type anywhere in the country.
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29 August 2024 | 13 replies
The most efficient strategy ALWAYS depends on your specific situation.
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29 August 2024 | 13 replies
Before I buy my first property, I’m curious to talk with a financial advisor to ensure I’m in a good spot and figure out the most tax efficient way to pull together a down payment.
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29 August 2024 | 6 replies
In fact, having a knowledgeable team (agents, brokers, property managers) can help you secure better deals and manage your properties efficiently, especially if you're aiming to be a passive investor.Holding Company: Setting up a holding company for your LLCs is a smart move, especially if you're planning to build a sizable portfolio.
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28 August 2024 | 31 replies
Nothing better than finding that diamond in the rough and then flip it as long as you have the time, money and energy to see it through.
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26 August 2024 | 44 replies
Direct Energy suggests 78F (25C) for indoor summer thermostat settings, Carrier suggests 72F (22C).
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27 August 2024 | 6 replies
For better tax efficiency, transferring full ownership to your mom and inheriting the property upon her passing is a solution to consider.