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27 January 2025 | 5 replies
If 1031 is to be implemented it must be done on the property level.2. 1031 generally does not apply to IRAs since they are tax-exempt. 3.
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19 January 2025 | 1 reply
Does anyone have any tips on how to find the right guys or methods that you use to vet people?
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31 January 2025 | 1 reply
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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29 January 2025 | 12 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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31 January 2025 | 5 replies
Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!
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23 January 2025 | 31 replies
This appears to be a 'transfer tax' instead of an income tax.
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25 January 2025 | 12 replies
@Rebecca GonaBigger Pockets is a great place to find a tax accountant that specializes in short-term rentals.
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10 February 2025 | 7 replies
This would end up getting you some tax benefits and extra cash flow that could help you leverage that into another property...maybe a 1031 exchange.
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5 February 2025 | 2 replies
So many variables can turn a deal sideways from 1 hour to the next - i.e. inspection findings, title issues, contracts, financing issues, taxes, dept. of buildings/local municipalities, etc.I'm glad to hear you made it through the challenges, and it sounds like you'll be able to leverage this experience as you grow your portfolio.All the best to you along your journey!
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23 February 2025 | 14 replies
I would show you purchase strategies, real estate monetization, rent roll leveraging, portfolio margining and asset protection/deep tax deductions