Tim Johnson
Is Real Estate the best way to reduce your taxes?
18 January 2025 | 5 replies
- Run a cost segregation study on this property in 2024 and you might have $100k on line 18...Without diving too deep on this post - If you run this scenario as a real estate professional while materially participating in the property, You'll be able to reduce your's and your spouses taxable income that year...
Rose White
Tenant Background Check
15 January 2025 | 6 replies
We run a background check to look for drug distribution charges and sex offenders3.
Chrissy Smyth
Rental in depresses area and minimum requirements
8 January 2025 | 3 replies
We also disallow Level 1 sex offenders to the extent we are legally allowed to.
Leeling Chew
Should all tenants fill out rental application, or only the one who pays the rent?
10 January 2025 | 8 replies
This is critical for protecting yourself, your property, and your neighborhood.Here’s why:Safety Concerns:Skipping checks could allow someone with a serious criminal history—like a sex offender or violent felon—into your property.
Stephanie Menard
Expensive lesson by leaving one clause out of rental agreement
19 January 2025 | 41 replies
After all rape is just the word of the victim that it was not consensual sex, breaking and entering, well the door was already broken, every theft, every credit card fraud, well the owner said I could.
Desiree Rejeili
Understanding Mortgage Recasting: What Homeowners Need to Know
22 January 2025 | 0 replies
This lesser-known strategy could help you save money and reduce your monthly payments without the hassle and cost of refinancing.
Augustine Chang
Breakeven Strategy for Studio Condo Rental in NYC – Need Advice on Options!
20 January 2025 | 1 reply
I would need to consult tax consultant for this however I expect to reduce my effective costs by ~$1,495/month (based on a 32% tax bracket).2.
Marc Shin
What Can I do about sound in a duplex with thin walls?
23 January 2025 | 9 replies
Yes it's a huge problem.You should fix this correctly now.Open the walls and put in proper sound reducing insulation.
Harrison Jones
Seeking Advice: Collaborative Development Opportunity with Neighboring Parcels
21 January 2025 | 0 replies
We’ve started talking about the potential for collaboration, particularly to reduce construction costs by building simultaneously.
Muhammad Kashif
Best way to optimize taxes for new construction of investment property (for flip)
20 January 2025 | 3 replies
A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.