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19 April 2024 | 13 replies
I am an agent here, however i also invest in property myself, and run a property management company.
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18 April 2024 | 7 replies
I am buying a Short term rental this year but will be using a property management company only for this year, which prohibits me from claiming bonus depreciation.
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19 April 2024 | 15 replies
@Hannah Potter Here are the things that many CPAs support their clients with:Understanding tax impact of short-term vs. long-term vs. flip before you buyWhich entity structure is best for goals and investment property typeTax and compliance on LLC or S-CorpHow to transfer property out of personal name into LLC (hard to buy 1st through entity)Ways to optimize taxes throughout the yearHow best to set up accounting to track income and expenses (doing this late is a mess)Feedback on property management systems, accounting systems. systems, etcEstimated payments to avoid penaltiesKnowing when to file and getting things in on timeMaybe a few things I missed, but this is the high-level ….. if you can get answers to the above questions on your own, plan, and file your own taxes then you can avoid the expense of a CPA.
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18 April 2024 | 6 replies
If you're relying on that income to cover the cost, then you can get in some financial trouble.
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18 April 2024 | 1 reply
I'm about to be 25 doors under management, and I'm looking to significantly scale this further.
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18 April 2024 | 16 replies
Both my management company and the homeowner were sued.
18 April 2024 | 12 replies
Currently own my primary residence and 2 investment properties are a beach condo (short term) and single family home (long term rental).The problem is I run a successful business and have no time to do the research in new markets, deal flow, upgrades, making sure cashflow, property management, etc.I am also not a real estate professional.
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19 April 2024 | 3 replies
Yes, you will get more on seller finance than on the market most likely, but now you are the bank managing the payments and amortization.
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18 April 2024 | 12 replies
As such I'm shopping around for property managers.
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18 April 2024 | 14 replies
Hi,I am doing a lot of analysis of SBR opportunities in a few different places and talking to a lot of folks (i.e. agents and property managers).