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26 November 2024 | 4 replies
To maximize the tax benefits of STRs, it’s essential to track your time and other people's time spent on the property, avoid staying in the property more than 15 days, and perform a cost segregation study to accelerate depreciation.
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25 November 2024 | 13 replies
All of my assumptions were based on that 2 unit residential and are fairly accurate between rental rate and ARV.
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26 November 2024 | 22 replies
The problem is NOT the use of remote entity as any fraudulent activity will fall back on the individual performing fraudulent acts.
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1 December 2024 | 377 replies
Do you think that is accurate?
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25 November 2024 | 14 replies
It sounds like a solid deal, but there’s much more to consider before taking on significant debt.Here’s my advice for anyone new to real estate investing, especially young investors:Properly Vet the Deal: Ensure the numbers are accurate.
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22 November 2024 | 92 replies
I put my money where it’s going to perform best, either in real estate or my brokerage account in the form of an S&P 500 index fund.
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27 November 2024 | 16 replies
Note I am not stating I find this ideal, but if an operator has outstanding performance record, I may be able to tolerate sub-par communication.
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22 November 2024 | 1 reply
I even tell them to reach out to me if they have questions, knowing only a few will actually follow through.And that’s what sets high performers apart from the rest: taking action when most people hold back.If you’re just starting out, remember, one conversation could change everything.
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23 November 2024 | 5 replies
Quote from @Sarah Rhee: I have a real simple rule for investing: never sell an investment unless you can move the money to a better-performing asset, or if the sale will move you closer to your goal.Your situation doesn't meet my rules.
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21 November 2024 | 2 replies
You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring.