
12 March 2024 | 1 reply
We were not educated in the work and financial planning for such an undertaking.

12 March 2024 | 5 replies
I have actual never heard of the group, I looked them up and plan on attending it within a few months after I finish college(I'm currently in the upstate).

13 March 2024 | 17 replies
I plan on transferring my properties under an LLC due to partnerships and etc

13 March 2024 | 11 replies
with hard money you're going to pay interest on the loan, which can be pretty hefty, especially if the rehab goes longer than planned.

15 March 2024 | 117 replies
We plan on building on the property in a couple of years but may go ahead and clear the trees soon.

12 March 2024 | 1 reply
I’m not planning on staying in this home for more than 4 years and when I’m ready to move I’m either going to sell it or use it as a long term rental.

13 March 2024 | 7 replies
The Deal: - Need a growth story that is believable (value-add plan makes sense in context of asset and market.- Financial models need to assume exit cap rates are the same or higher than purchase cap rates.- Comps support both acquisition and exit cap rate assumptions.

12 March 2024 | 4 replies
.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

12 March 2024 | 0 replies
We were not educated in the work and financial planning for such an undertaking.

13 March 2024 | 8 replies
Alternatively you could possibly look into an SBA loan if you plan to owner occupy one of the properties (depending on your current role and whether its W2 or etc.)