It’s important to understand the financial nuances regarding investment real estate. Taxes, deductions, rental income, 1031 exchanges, etc., are all critical aspects to your investment finances. Understanding them is key to being successful with real estate investments.
Around two-thirds of our clients own a single rental property with us. Due to the makeup of our client base, new prospective clients often ask, “should I sell the house or rent it out?” It’s a great question that should be answered with complete data, not opinions. The problem is that most general real
Are you 65 years old or older? Anyone over the age of 65 or any who is disabled, including disabled veterans, can take advantage of several homestead exemptions. This allows you to reduce your taxes, but you have to know how to apply for them properly. If you are ready to save on your taxes,
Is there anyone who doesn’t want a free ride from the IRS? Most people spend a lot of time trying to understand the tax rules and figure out how to make the most desirable outcome for themselves financially. It isn’t uncommon to see individuals who leave their entire tax scenario up for debate each year.
Have you been considering selling your investment property? Sometimes, property owners decide that they no longer want to be landlords but they don’t want to pay the taxes from selling their investment property. If your accountant is advising you that you will owe a lot of money in capital gains tax, you need to consider
There are people who find handling their own investments more reasonable and more practical while there are some who prefer to partner with professional services in industries that can help them grow. For the latter, they may be too busy to manage their investments hence a professional, such as Pyramis Company, is necessary. There is