Category: Real Estate
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What Is A Short Term Rental? Your Guide To Investing
What Is A Short Term Rental? Your Guide To Investing Short-term rentals (STRs) have been gaining popularity lately, especially among people who want flexibility and convenience when they travel or relocate temporarily. A short-term rental, as the name suggests, is exactly what it sounds like. It’s when you rent a house or apartment for a shorter…
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Top Advantages Of Real Estate Professional Tax Status
Top Advantages Of Real Estate Professional Tax Status Real Estate Professional Status (REPS) gives individuals unique tax benefits that can significantly impact their financial outcomes (especially physicians and dentists). The Internal Revenue Service (IRS) sets strict guidelines to qualify for real estate professional tax status, which offers distinct advantages in reducing taxable income. Achieving REPS can be…
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How To Make Money With Commercial Real Estate Investing
How To Make Money With Commercial Real Estate Investing Investing in commercial real estate can be a lucrative way to build wealth and diversify your investment portfolio. This sector comprises various property types, from office spaces and retail buildings to industrial units and apartment buildings. It’s particularly attractive for busy, high-income earners (i.e., dentists and…
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Real Estate PPM: Mitigating Risk and Maximizing Return on Investment
Real Estate PPM: Mitigating Risk and Maximizing Return on Investment If you’ve been reading this blog or watching some of my YouTube videos, you know that real estate syndications are one of my favorite investments. In 2017, my first investment was an apartment syndication in Dallas. It was nerve racking to go through the process…
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How To Avoid Depreciation Recapture Tax On Rental Property
How To Avoid Depreciation Recapture Tax On Rental Property One of the reasons that kept me from investing in rental real estate was trying to understand what all of the terms meant. Trying to learn this brought back vivid memories of dental school where it seemed that the teachers were speaking a differerent language such…
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Real Estate Depreciation: #1 Tax Strategy for Busy Professionals
Real Estate Depreciation: #1 Tax Strategy for Busy Professionals As a doctor or other high income professional , you probably fall into the highest tax bracket (37%), which is a significant expense. When I started my own dental practice from scratch, I bought a new office along with equipment to furnish it. My CPA told…
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Multifamily Real Estate Syndication: A 2023 Investment Guide
Multifamily Real Estate Syndication: A 2023 Investment Guide Are you interested in real estate investing but struggling with how to juggle a full-time career plus dealing with tenants? If so, then you may want to consider investing in a multifamily real estate syndication. This type of investment involves pooling resources with other investors to acquire…
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Mobile Home Parks: The Hidden Gem of Real Estate Investing
Mobile Home Parks: The Hidden Gem of Real Estate Investing When I first considered investing in commercial real estate, a few scenarios came to mind, such as buying a short term rental or a few small apartment buildings. I’d even contemplated self-storage, a handful of single-family homes or a medical/dental office building. But one asset…
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Real Estate Risks: What To Know Before Investing In Syndications
Real Estate Risks: What To Know Before Investing In Syndications Recently, one of our Passive Investors Circle members (a 45-year-old anesthesiologist) reached out wanting to know more about real estate investing in syndications. Currently, he’s heavily invested with his financial advisor in the stock market and wants to start building additional sources of income to retire…
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How To Choose A Real Estate Tax Accountant
How To Choose A Real Estate Tax Accountant Are you tired of having a HUGE tax bill? Most professionals are and look into investing in real estate to help lower some of their tax burden. I started investing in real estate syndications several years ago and quickly realized that having a good real estate accountant on…
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Investing in Airbnb Property: A Beginner’s Guide to Passive Income
Investing in Airbnb Property: A Beginner’s Guide to Passive Income New Passive Investor Circle members wanting to invest in real estate syndications typically look for ways to build cash flow without having to rely on their full-time job. In the past, I’ve given information about the different assets classes we’ve invested in to help educate…
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How ChatGPT Is Changing Real Estate Investing
How ChatGPT Is Changing Real Estate Investing Since OpenAI released its blockbuster bot in November 2022, it’s quickly garnered attention for its detailed responses and extensive knowledge of a myriad of industries and sectors. ChatGPT has started to infiltrate several businesses at a previously unseen pace, and it’s becoming a game-changer on many levels. ChatGPT’s…
