9 January 2024 | 0 replies
Let's delve into how these facts could significantly benefit high-earning W-2 employees.Tax-Efficient Retirement Savings:A Backdoor Roth IRA allows high-earning W-2 employees to strategically allocate after-tax dollars from their annual earnings into a retirement savings account.
15 January 2024 | 8 replies
On the sale of a property that has had a cost segregation done one it, 1031 exchange or otherwise, this is why having a reasonable sale price allocation amongst the assets is quite important to help minimize the amount of recapture that is recognized.
15 August 2018 | 4 replies
Your property management company should have all the strategies and systems in place to keep your property occupied.If you are self-managing from out-of-state (typically a bad idea) then you want to make sure that you work with a local "leasing agent" (depending o the size of the property) and you have a solid budget allocated for marketing and ideally get to the point where you have a waiting list.
26 December 2023 | 132 replies
." #2 How can I maximize the allocated funds.
30 September 2024 | 1 reply
I know from experience that things will ALWAYS COME UP IN RENOVATIONS and it can honestly be hard to agree on the allocated time for some of these changes)- Plus many more items - it's easy to get out of control with contracts.
12 September 2022 | 103 replies
Just invest that money to diversified allocation in a different sector, but get your accredited investors first.
8 March 2024 | 8 replies
Property Value: The DIY option is viable for properties with improvements under $1.2 million improvement value (acquisition cost minus land allocation), covering most 1-4 unit dwellings.
8 February 2024 | 12 replies
This is known as "bonus depreciation".This has the potential to create substantial passive losses, which are allocated to those who invested in the property.
29 April 2024 | 3 replies
I was lucky enough to have a small penny stock I was allocated to hit and used my real estate passive losses to make my gain tax free :) Sometimes we get lucky!
4 May 2024 | 28 replies
Hidden behind the balance between cash flow and ROI for rehab, I also made actual money on what I allocated for maintenance, repairs, management, and reserves, as underwritten because I had 1031 before spending those funds.I have completed eight 1031s since, and have used contractors for capex, with significantly higher returns on the value... mainly because these are now commercial-type loans, not residential.