Michael Plaks
EXPLAINED: bookkeepers v CPAs - hire one of each or combo?
15 January 2024 | 9 replies
For example, my tax firm does not offer bookkeeping.
Todd Borcherding
Need Someone To Help Set Up Tax Strategy
13 January 2024 | 9 replies
I also purchased Incite Tax to do my taxes but I am paying a lot for the service.
Reggie Smith
When Creating Seller Financed Notes
15 January 2024 | 2 replies
@Reggie SmithNever have them hold on a trust and I don’t care about hospital or other liens as they are secondary to our lienOnly lien you should worry about is a tax lien on the propertyEven irs liens are not something to worry about - you just cannot do a dil which rarely occurs anyways
Kewei Qu
Disappointing experience with REI Nation PPMG property management
14 January 2024 | 20 replies
Ashley recommended this property to me as a class B property and mentioned super low tax rate as a bonus point.
Ariel Gomes
Sell or Not to Sell STR
14 January 2024 | 9 replies
Do you think financially it makes sense to continue to hold the property take advantage of appreciation, tax benefits and the cash flow?
Jack Lander
Offering a helping hand to new wholesalers
15 January 2024 | 19 replies
Foreclosures, absentee owners, probate tax liens, NOT motivated sellers.
Barry Wong
Hard Money Lending - $100k Enough?
13 January 2024 | 11 replies
Unlike owning real estate, which is typically taxed at a capital gains rate, lending is not particularly tax efficient since interest income is taxed at your marginal rate, @Barry Wong.
Cody L.
Wholesellers - Stop. Read this. Wholesaling is ...
16 January 2024 | 104 replies
If I do show proof, either YOU don't believe it or you are so resentful you rather call me a scammer than acknowledge "he does have a point".The reason so many of you fail is because you are driving for dollars, door knocking, text messaging, bandit signs, DDM, yellow letters, post cards, to the probate list, tax lien lists foreclosure list etc. etc.Tell me this, smart person... what is the success rate of these strategies?
Nick Benedick
Partnerships and LLC’s
14 January 2024 | 4 replies
The lender can call the loan on transfer - this is a risk and you need to be careful.Finally, if you wait too long to transfer the property from personal to LLC there may be taxes on transfer.The transfer is called a "Quit Claim".
Shane Insang
Understanding Potential Opportunities
15 January 2024 | 9 replies
Tough to give an accurate answer here since there are many unknowns here: location, condition, property taxes, potential rents etc.