2 days ago by BawldGuy

The most common reply I hear from folks calling me is, “I didn’t know that was possible.” Or something similar. It all goes back to the root of successful investing, which is doing things on Purpose — Purposeful Planning. One of the main factors in any Plan is how taxes/tax shelter blend into the bi ...

BawldGuy Talking - bawldguy.com · 102 references

3 days ago by BawldGuy

As a hired gun many moons ago I used to do after tax cash flow ‘autopsies’ on investments for attorneys representing either investors or other real estate agents/brokers. I’d produce historic rates of return, almost always expressed as IRR — Internal Rate of Return. I’ve explained IRR, in court, the ...

BawldGuy Talking - bawldguy.com · 102 references

4 days ago by BawldGuy

This might turn out to be a short series, so if it seems there should be more info, your instincts are right on. There’s so much for the new investor to know. Let’s begin by invoking one of my all time favorite axioms. BawldGuy Axiom: It’s hardly ever the answers to your questions that end up produc ...

BawldGuy Talking - bawldguy.com · 102 references

9 days ago by BawldGuy

Sorry for not posting yesterday, as the day got away from me. Between takin’ care of Mom’s needed visits to her eye surgeon (recent cataract removal/lens implant) and attending what’s known as a real estate ‘barcamp’, my day began at 6 AM and ended at 9 PM when I finally landed back home. The checku ...

BawldGuy Talking - bawldguy.com · 102 references

11 days ago by BawldGuy

Let’s say you bought a couple smallish income properties recently. Ya put 20% down, and got a 30 year fixed rate loan for 6.25%. Between the two of ‘em you’ll be cash flowing, give or take, around $6,000 a year. The total of the two loans are are $400,000. Assuming you have an abundant Sominex Accou ...

BawldGuy Talking - bawldguy.com · 102 references

12 days ago by Chris Latulip

In its simplest terms, a Qualified Intermediary (QI), facilitating a Section 1031 Exchange, acts as a third party in the sale of Relinquished Property (old property). The QI’s job is twofold: a) memorialize and document the intent of the taxpayer and b) function as escrow agent for the net proceeds ...

Newbridge Exchange, LLC - newbridgeexchange.com

12 days ago

Nowpower asked: I have an Iranian client, badly in need of tax advice, uncomfortable with any but his own countrymen. As he is having to place trust in me in spite of this, I want to give him the best service possible by finding this person for him. He is a good man.

BEST TAX RELIEF ATTORNEY - besttaxreliefattorney.com

26 days ago by Chris Latulip

We all applauded when bonus depreciation for 2008-2009 was announced as a way to justify new equipment purchases. Many buying decisions were delayed as the economy weakened and time was marching on as tired equipment was constantly being repaired to keep businesses running smoothly. The bad news is ...

Newbridge Exchange, LLC - newbridgeexchange.com

33 days ago by Chris Latulip

Added to the Internal Revenue Code in 1921, Section 1031 is the best planned escape from capital gains tax and recapture of depreciation ever conceived. There is no reason to pay any tax that can be deferred throughout your lifetime and it will not leave a burden for your heirs. The concept is a sim ...

Newbridge Exchange, LLC - newbridgeexchange.com

34 days ago by Ron Ricard - Investment Property Exchange ...

Personal Property Exchanges – The Other Side of Section 1031 Many Taxpayers are familiar with §1031 exchanges of real estate. What many people do not know is that section 1031 applies equally to the exchange of personal property. Taxpayers that sell personal property used in a trade or business or h ...

PruCalVoices - pruvoices.com · 10 references