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7 February 2025 | 31 replies
Our team works exclusively with out-of-town investors and have the support program in place to help build a strong portfolio.
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24 January 2025 | 9 replies
For these ultra exclusive co ops the fact that the tenants can turn down anyone for any reason is a big plus.
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14 January 2025 | 7 replies
Now, if you've already set up LLCs per property, then yes, have at least 1 checking account per LLC.For people who own their properties personally, keep personal accounts that are exclusive to RE activities so all of that activity stays separate from other personal transactions.
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12 January 2025 | 2 replies
They used to offer exclusive properties but now it appears that they are pulling MLS listings and will connect you with an agent.
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21 January 2025 | 14 replies
If you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a speciality trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.Can I contribute to both a Solo 401k and SDIRA?
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22 January 2025 | 22 replies
So while moving back into it for 2 years does bring the 121 exclusion back into play, that exclusion is reduced based on the percentage of Non Qualified usage over the holding period.
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15 January 2025 | 5 replies
@Alicia Howard Since your 5th wheel RV is used exclusively as a short-term rental property and does not move, its depreciation depends on its classification.
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16 February 2025 | 70 replies
Airy (19119) and W Germantown closer to Germantown Ave and up north (19144)Southern Eastwick (19153)C: Mix of buy and holds and flips, typically a BRRR neighborhood.West Side of Cobbs Creek this one is rapidly changing (19143/39)South Haddington (19139)Lower West Oak Lane (19138)Mid Kingsessing (19143), Pockets of Elmwood Park (19142) down to Parts of Eastwick (19156)East Germantown further away from Germantown Ave (19144, 19138) or closer to Wayne Junction (19144)Rest of Port Richmond (19134)Olney (19120), La Salle Area (19141, 19144) , Most of the neighborhoods that are adjacent to Broad, north of Roosevelt Blvd all the way to ~Godfrey (19141, 19126)Strawberry Mansion from Cecil B to Diamond (19121)Allegheny West North Of Cambria (19132)Eastwick (19153)C-: Mainly rentals with some low end flips.Elmwood Park (19142)Southern Strawberry Mansion from Diamond to Lehigh (19132)Allegheny West between Somerset and Indiana Ave (19132)NE Harrowgate (19134)Carrol Park/Heston Ville (19131)D: Almost exclusively rentals with home depot style flips.Mill Creek (19139)Most of Elmwood Park, especially the tinier and narrow streets (19142)Parts of Strawberry Mansion by Lehigh Ave to Somerset Ave in Allegheny West(19132)Pretty much all of 22nd Street to Frankford Ave between Lehigh and Roosevelt Blvd (with some exceptions for properties bordering Roosevelt Blvd) (19132, 19140, 19133, 19134)Good Chunk of Frankford (19124)F: Higher Crime and objectively Philly's center for its opioid epidemic.
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17 January 2025 | 23 replies
If you move for a valid reason like new job, you can pro-rate your gains exclusion.
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20 January 2025 | 7 replies
Your income isn't high enough for it to make sense as a rental and the closer you get to your residence limit the greater pressure you will have to sell it before losing your exclusion in whole or part. 500k right now can make $15k per year income with zero maintenance or tenant risks.