Kyle Handy

JANUARY 2, 2023

In today’s post, I will share 115 tax deductions for real estate agents I’ve discovered in the 15 years I’ve been in the business. Consult with your CPA before filing your taxes and using any advice in this article. Consult with your CPA before filing your taxes and using any advice in this article.

Agents 105

Agents As-is Finance Inspection 105

Toronto Realty Blog

JULY 26, 2021

In last Wednesday’s blog, we looked at Addy and BuyProperly , two sites that have effectively securitized houses and condos so that people can buy “shares” for as little as $1 through Addy or invest in fractional ownership for a minimum of $2,500 through BuyProperly. The rest pays maintenance, taxes and residency costs.

Equity 103

Equity As-is Design Land 103

Real Trends

DECEMBER 12, 2022

By IRS standards, we are also statutory non-employees who are subject to self-employment tax. At the end of any given year, we can be taxed as high as 40% when all is said and done – emphasizing the importance of understanding business entity opportunities such as incorporating. Translation? Secret agents will be left behind.

Marketing 95

Marketing Agents Branding Industrial 95

Toronto Realty Blog

FEBRUARY 1, 2023

TorontoRealtyBlog If it’s fair to draw just one conclusion from Monday’s blog post, it would be this: maintenance fees have increased substantially throughout the downtown core over the last decade. As I showed you on Monday, I wrote blogs about this way back when. Blog reader Daniel wrote: Very good point!

As-is 98

As-is Property Management Renovation Land 98

Marco Santarelli

SEPTEMBER 6, 2020

Unlike the misconception, passive income ideas do require an upfront work to earn, like writing an e-book or building and monetizing a blog. A potential side benefit of this approach is that you may hold the property so long that the tax bill on the capital gains is dramatically reduced. Governments can also issue bonds but not stocks.

Lending 135

Lending Loans Investor Branding 135

GeekEstate

SEPTEMBER 12, 2022

For example, partnering with a furniture rental company to provide more affordable furniture packages for newly moved-in renters by removing the “ecosystem access” tax. Special reports ( a category review of Small Landlord Prop Mgmt Software , Blueprinting Proptech startup analyses , & Ecosystem Intelligence ).

Property Management 114

Property Management Industrial As-is Land 114

GeekEstate

AUGUST 11, 2022

Tax Offices: More accurate property assessments leads to higher tax collection figures, plus increased ability to fight appeals. Personally, I believe there is an entirely new search experience in the “fixer upper” category to be realized by someone forward thinking (with deep technology and design expertise).

Renovation 118

Renovation Staging Technology Design 118

GeekEstate

FEBRUARY 22, 2023

Perhaps more importantly, the pandemic’s disruptions to the office sector have created potentially strong tailwinds for WeWork and its peers operating in the co-working / flex office category. Brad Hargreaves wrote a great overview of the flex office category recently, which is worth a read.

Branding 57

Branding Investor Commercial As-is 57

Toronto Realty Blog

JANUARY 14, 2022

So in a market starved for listings and inventory, how hard is it to motivate a person to sell who doesn’t fall into the six categories above? His purchase and his home falls into the “luxury” category since he paid $4,000,000 for it, and at this stage in his life cycle, it’s close to a “forever home.”

Agents 88

Agents As-is Land Sales 88

App Folio

DECEMBER 4, 2019

The ongoing affordable housing shortage presents unique opportunities for investors and property managers to create a new revenue stream by managing properties in this category, one that comes with some financial incentives and programs worth exploring. . Using Technology to Streamline Tenant Income Certification (TIC).

Property Management 64

Property Management Investor Development Equity 64

GeekEstate

NOVEMBER 8, 2021

There are alternatives to Zillow’s take on this problem : “Taxing the marketplace still seems to be the better model than buying and selling homes directly.”. Now clearly the uncontested category leader, can you imagine Opendoor offers being populated on Zillow home detail pages? Given their fierce rivalry, it’s hard to grok.

Equity 52

Equity Industrial Property Management As-is 52

HomeLight

DECEMBER 31, 2020

You may check boxes in both categories, but if you’re lucky one will outweigh the other and you’ll gain clarity on next steps. Jimmy Moncrief, a multi-family real estate investor and bank credit officer, wrote a blog post about why he loves being a landlord. Source: (Juliana Malta / Unsplash). Signs you should rent out your home.

Equity 76

Equity Investor Closing costs Property Management 76

Notorious ROB

JANUARY 3, 2023

The government should encourage and aid low-wealth households to save through diversified index funds as it eliminates the tax benefits that pull people into homeownership regardless of the consequences. So housing is a special category of consumption. On TradingView, the Case-Shiller index went back only to 2001.

As-is 76

As-is Equity Land Industrial 76

Toronto Realty Blog

NOVEMBER 8, 2021

So it felt like a busy month, and it felt like one where activity was up, prices were too, and it was a seller’s market in just about every category. You just sit back and make tax-free money each and every year as your home appreciates in value. appeared first on Toronto Realty Blog. But what did the numbers say?

Sales 91

Sales MLS Marketing As-is 91

Marco Santarelli

FEBRUARY 21, 2022

Investing in real estate has some incredible tax benefits. It is easy to find the lists of these tax benefits of real estate investing , like the ability to deduct nearly every expense associated with the real estate or how to qualify to exclude from your income all or part of any capital gain from the sale of your main home.

Investor 112

Investor Residential Property Management Mortgages 112

Toronto Realty Blog

DECEMBER 19, 2023

It’s just really, really hard to describe an entire year’s blog posts or an entire year’s real estate stories in a standard blog-post length. This is likely more subjective than the top five blog posts , but then again, we run into many of the same themes over and over.

Pre-approval 83

Pre-approval Construction Development Agents 83

Marco Santarelli

NOVEMBER 26, 2023

In this blog post, we will focus on how to fill out Part I of Schedule E for rental property and royalty income. On lines 5 through 19, enter your total expenses for each category from all properties. Here are the steps you need to follow: How to Fill Out Schedule E of Your Form 1040?

Land 52

Land As-is Mortgages 52

HomeLight

JUNE 16, 2023

Disclaimer: Information in this blog post is meant to be used as a helpful guide and for educational purposes only, not legal or tax advice. If you need help with a tax question, please consult a skilled CPA. Rejoice in this: Rarely do homeowners have to pay taxes on the money they make from selling their house.

Sales 95

Sales Principal As-is Closing costs 95

HomeLight

OCTOBER 20, 2022

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes, not legal advice. Keeping track of capital improvements not only helps the seller at tax time, it also can support the asking price. Latest tax statement. The buyer needs this in order to calculate the cost of taxes at closing.

Purchase and sale agreement 102

Purchase and sale agreement Pre-approval Inspection MLS 102

Toronto Realty Blog

JANUARY 24, 2022

Coming into 2022, I figured that blog topics on TRB would start with the obvious “predictions” or “discussion points,” then look at some early trends or “stories from the trenches,” but I thought it would take a while for us to talk about prices and have data to back up opinions on where the market is.

Days on market 75

Days on market Sales As-is Renovation 75

Toronto Realty Blog

JANUARY 18, 2023

Last week, I offered my opinion on the new vacant home tax here in Toronto, but this is much, much better. At the start of 2022 Toronto introduced new municipal taxes on vacant homes (i.e. Failure to file on time generates fine of $250, while a false declaration could lead to a penalty of up to $10,000 plus back taxes.

Purchase and sale agreement 98

Purchase and sale agreement Residential Land Renovation 98

HomeLight

AUGUST 24, 2022

Disclaimer: A friendly reminder, information in this blog post is meant to be used for educational purposes only, not as a substitute for professional tax or legal advice. The destination’s great weather and tax-friendliness bring a steady stream of buyers to the market, and cash buyers help make sellers’ homes fly.

Purchase and sale agreement 105

Purchase and sale agreement Title search Proof of funds Title 105

GeekEstate

SEPTEMBER 13, 2022

Companies that prioritize diversity, equity, and inclusion outperform their competitors in earnings before interest and tax. Special reports ( a category review of Small Landlord Prop Mgmt Software , Blueprinting Proptech startup analyses , & Ecosystem Intelligence ). Membership is $139 / quarter. READY TO JOIN RIGHT NOW?

Equity 117

Equity Land Brokerage Industrial 117

Toronto Realty Blog

MARCH 31, 2023

The current provisions on tax filings and previous work experience in Canada are being repealed. Canadian, but beggars can’t be choosers, and given our housing supply problem in this country, we are certainly now in the “beggar” category. appeared first on Toronto Realty Blog. I must have missed that.

Residential 79

Residential Development Land As-is 79

HomeLight

DECEMBER 23, 2021

Disclaimer: Information in this blog post is meant to be informational and used as a helpful guide only, and not professional tax or legal advice. If you need help determining the taxes on the sale of your second home, HomeLight always encourages you to reach out to a tax advisor regarding your particular situation. .

Sales 108

Sales Purchase and sale agreement As-is Agents 108

HomeLight

SEPTEMBER 30, 2020

Does that mean it will be taxed like income? Will you need to set aside a chunk of the profits to cover a hefty tax bill? How does the government tax home sale profits? And you’re thinking: I’m going to be taxed out the wa-zoo for this money. Why are home sale profits taxed so favorably?

Sales 89

Sales As-is Mortgages Agents 89

Toronto Realty Blog

MAY 5, 2021

With Monday’s blog post, and with a rash of recent articles about real the real estate industry, it’s certainly “Hate on a Realtor” week. There’s a big difference between a 505 square foot condo and a 595 square foot condo, but they’re both falling into the same 500-599 category on MLS. I was wrong.

Purchase and sale agreement 94

Purchase and sale agreement MLS Due diligence Agents 94

HomeLight

AUGUST 27, 2020

But, don’t despair because there are other government programs and tax credits that can help you find your first abode. Although there isn’t a first-time homebuyer tax credit available today, that doesn’t mean you’re entirely out of luck. Verify income with tax returns, pay stubs, and bank statements.

VA loan 54

VA loan FHA loan Loans Closing costs 54

The Close

MARCH 27, 2022

Agents can subscribe to one or more of the five different categories of leads, including expired, For Sale By Owner (FSBO), For Rent By Owner (FRBO), and preforeclosure. There is also a robust blog and even a podcast with helpful tips and techniques for success. REDX is a prospecting platform that connects agents to qualified leads.

Agents 98

Agents As-is MLS Equity 98

The Close

MARCH 10, 2022

We organized the tools by category and linked to our deep-dive review articles—making it easier for you to find that one tool that you soon won’t be able to live without. They will also write your blog for you, advertise for you, and much more. Come tax time, I was ankle-deep in paper and miserable. Lead Generation Software.

Agents 105

Agents Design MLS Branding 105

HomeLight

JANUARY 4, 2022

Our HVE combs public data including tax records and assessments and pulls recent sales records for other properties in your neighborhood. The report categorizes an appraiser’s evaluation into a few main categories, including neighborhood, site, and improvements.

VA loan 127

VA loan Loans Renovation As-is 127

Toronto Realty Blog

JUNE 11, 2021

My family routinely attended 15-20 Toronto Blue Jays games per year from 1989 to 1994, as my father had seasons’ tickets to give to clients for promotion (would that be tax-deductible in 2021?), The post The Friday Rant: I’m A Leafs Fan But Not Like You appeared first on Toronto Realty Blog. I’m not a follower.

As-is 66

As-is Title 66

Boom Town

MARCH 8, 2018

Create categories for each type of homebuyer you encounter, and group them based on similar situations. For example, you could create categories for long-term nurture leads, prospects who are relocating, or homebuyers looking for a multi-generational home. In your system you’ll be able to sort and sift your prospect pool with ease.

Agents 40

Agents Technology As-is Marketing 40

HomeLight

NOVEMBER 2, 2022

Handle any local real estate transfer taxes. Their website includes informational videos and blogs to assist your FSBO efforts. Some of the flat fee MLS companies we’ve listed above have packages that fall in this platform option category. Understand and negotiate the terms of your contract. Others might include: Fizber.com.

MLS 96

MLS Purchase and sale agreement Agents Sales 96

HomeLight

OCTOBER 20, 2022

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal advice. Sellers who have never lived in the home — such as those who inherited the property as part of an estate or bought it at a sheriff’s sale or as an investment — generally mark the unknown category throughout.

Purchase and sale agreement 91

Purchase and sale agreement Inspection Construction Land 91

GeekEstate

OCTOBER 16, 2020

[Editor’s note: Originally published on the Thomvest Blog.]. property taxes, utilities and insurance). There are three sets categories which are potentially relevant: real estate brokerages & portals, mortgage originators, and single-family rental REITs. Opendoor , the nation’s largest iBuyer , is going public.

Purchase and sale agreement 89

Purchase and sale agreement Title Investor Brokerage 89

HomeLight

MARCH 21, 2022

Here’s an overview of the main categories of house-buying companies you’re likely to encounter in the market today. Additional costs may apply based on local tax laws. You can hear about more client experiences of using HomeLight Trade-In on the HomeLight blog. What are the different types of house-buying companies?

Closing costs 95

Closing costs Home sale contingency Investor Closing 95