Harley Emelia
Should we sell or turn it into rental?
12 February 2024 | 12 replies
There are also tax considerations, such as depreciation and IRS Section 121 Exclusion.I would probably keep it as a rental for two years and then consider IRS Section 121 Exclusion; I would probably still keep it as a rental at that point, and if interest rates get below 6% I would consider a cash out refi to buy another investment property.If you do keep it as a rental I would recommend you pay for pool service, this is something that should not be passed on to the tenant as it can cost you big time if not properly maintained.
Kate Brown
Liar Kris Thomas Land Flipping 101 is a Fraud!!!
11 February 2024 | 40 replies
Massachusetts is a two-party consent state for audio recordings.
Magenta Vaughn
Single mom obsessed with MTR!
10 February 2024 | 1 reply
Last Autumn I had the pleasure of finishing up the self designed and custom built-third unit in my 4 plex to rent out as a midterm rental.
Peyton LaBarbera
How do you protect your properties?
12 February 2024 | 20 replies
Now I have two different ideas... the first is to set up each property with its own LLC and the second idea is to set up one LLC and inside this LLC a title-holding land trust for each of the properties this way after each flip I don't have to keep setting up and closing an LLCLet me know your guy's thoughts on this situation,Thank you.
Stephen Condon
Syndicating RV Parks and Campgrounds
10 February 2024 | 23 replies
I’ll ask my two cousins to come along.
John S.
Has anyone had success purchasing directly through the listing agent? [story inside]
14 February 2024 | 24 replies
.- working thru listing agent is OK but ...... 1) ask for a 2-3% discount if you do this as the seller shouldnt need to pay two full comm 2) agents can be challenged at times to represent both parties ( eg.
Karen Casey
Shower or Shower Tub combo?
12 February 2024 | 22 replies
Even if it’s not a rental a shower over bath would be advantageous because one day you may sell and if there’s a young, small family interested they might not buy if it’s just a shower. if it were a two bath house then I would make the master bathroom shower only and guest bathroom shower over bath.
Lisa H.
Analyze this Property
12 February 2024 | 11 replies
You keep this one and now you have two appreciation assets and tenants are paying down the loan.
Aaron Rosenberg
Massive losses, no deduction. Can a CPA please say it ain't so?
11 February 2024 | 12 replies
As Michael mentions above, there are two DIFFERENT participation tests for REPS and STR "loophole".
Ethan Davis
Can a 19 year old get into Wholesaling Real Estate with 20k?
12 February 2024 | 7 replies
According to one of the gurus, some of the followers do one deal over the course of two years and then they quit.