All Forum Posts by: Rhonda Wilson

They are building quite a large fusion reactor in France. I'm not holding my breath though. I've had high hopes before. 

Perhaps photovoltaic solar is as good as it gets, but I believe that the best is yet to come. What it will be, I can't say. Someday fusion but that always seems to be a couple of decades away. China actually has 58 nuclear reactors in the works. Those include thorium MSR reactors which are much safer and create safer waste compared to uranium reactors. Bill Gates and Jeff Bezos are investing heavily in forth-generation nuclear reactors. They do not want to see the United States fall behind China as the leader in nuclear power because they believe that nuclear is an important component of a low carbon energy future. 

Honestly, I don't know if MSR, forth-generation or fusion will be major energy sources in 20 years. Twenty years ago I might have guessed that natural gas or bio-diesel cars might have replaced a lot of our gasoline cars by now since peak oil seemed like a sure thing. That didn't happen. Let's admit that none of us knows and not lock ourselves in to a single technology.

The conventional wisdom is that LLCs provide asset protection and it must be true to some extent. Depending on your state, it costs money every year to file annual reports and you may need a registered agent which also costs money. I've often wondered if that money would be better spent increasing your liability limit on your insurance or purchasing an umbrella policy. As others have said, if someone sues they are going to try to "pierce the veil" in any case. 

We have a lot of C-class apartments mostly built in the late 70s early 80s. These numbers are rough, because buildings are different, apartment sizes are different, etc. 

75% LTV buildings about $200 per door

0% LTV buildings about $500 per door

This kind of gets back to the "Tragedy of the commons." Individuals don't pay the price for their impact to a common resource, specifically the atmosphere. Not everyone agrees about the impact of carbon, but realistically that is something we elect governments to decide. So yes, I wouldn't like it, but I agree with you. A carbon tax would be far more appropriate. By mandating a specific technology, we limit everyone to what seems to be best for a majority at this point in time. It doesn't take into account unique situations or future innovation. I fear that 10 years down the road someone will come up with something better but the law will stay on the books because special interests (the solar industry) will lobby to keep it there. It will be like the ill-considered mandate for 10% ethanol in our gasoline which substantially reduces fuel economy but funnels a lot of money to corn farmers. 

They are about a mile apart. Our manager is an employee of a larger property management company that manages a very large number of properties in the region. She is not directly employed by us. We simply pay a percentage of rent to the property management company.  

It's a bit of a low-ball offer, but after 200 days on the market, nothing should be viewed as "offensive." I would go for it. They will either counter or ignore you. I fully expect that you will get a counter-offer if they want to sell, that is. 

My first thought is that there is usually no benefit to do a 1031 on the sale of your primary residence. The purpose of a 1031 is to defer capital gains tax on the sale of an investment property. However, generally capital gains from your primary residence are exempt from capital gains tax up to a limit of $250k for a single or $500k for a married couple. 

Was the property a rental property in the recent past? If it was always and only your residence, then it doesn't qualify for a 1031 as far as I know.

Owner financing does not preclude going through a title company. It sounds like a scam.

@Max McGuirk Is there a specific reason that you want a full-time, on-site manager? We have a 14-unit. We don't have an on-site, but there is an on-site manager at a nearby (much larger) property that also manages ours. Our property is managed as sort of a "little sister." It works out. We actually get some benefit because when people call her looking for vacancies, they can direct them to either building. Anyway, the economics don't work out below a certain apartment count.