Jon Greves
Tips - Long Distance Self Managing
27 October 2024 | 16 replies
If they are not okay with that, either find someone who is or hire a runner that can take care of emergencies.
Jorge Esteban Vargas
Everything Has Gone Wrong - Should we cut losses?
25 October 2024 | 14 replies
We hired an attorney and paid another $5,000 for legal advice.
Travis Andres
Has anyone heard of Direct2Deals for leads?
23 October 2024 | 38 replies
These people are hiring out of country kids by paying $3 per hour to do the marketing and pocketing all the money they charge us.
Thomas Gagnon
Questions to ask potential section 8 Tenant
29 October 2024 | 10 replies
Everything else the same, You need to hire a PM Co, until you learn more.
Heidi Kenefick
1031 exchange and depreciation recapture?
28 October 2024 | 34 replies
(Most notably, they've gotten REPS aggregation all mixed up in the past.)Based on the regs seems that:- 1245 ordinary income recapture applies to some forms of property that qualify as "real estate" for 1031 exchange purposes- 1245 recapture on such "real estate" overrides 1031 deferral such that 1245 depreciation is recaptured to the extent there's a trade down in 1245 property in the exchange@Heidi Kenefick There are many additional mitigating considerations worth discussing in conjunction a real estate tax accountant.
Michael Baum
Fed cuts rates by .5%
9 November 2024 | 87 replies
And we keep hiring sock-puppet morons to run this lunny-bin we call "merica".....
Jamaal Smith
My monthly tax payment increased by a $600
29 October 2024 | 15 replies
@Jamaal Smith I would find out how much it costs to hire someone and do that.
Rick Albert
Taking a 5 Unit to a 4 Unit
26 October 2024 | 5 replies
Maybe do a bit of rehab and increase rents, divide by cap and you see how much value you add to your property's "ARV". example4 units - $1000/unitARV $500klight rehab brings $1200/unit$200*4*12 = $9600 / let's say 8 cap = $120k additional property value ARV $500k -> $620kAdd appreciation, gentrification, more depreciation, refi.BTW a LLC is like $300 if you do it yourself or $500-600 if you hire a lawyer. $700-ish out of state.
James Rowe
Startup costs for STR cabin in Gatlinburg
29 October 2024 | 19 replies
"Hire fast Fire faster" Although I assume you mean how much to clean the property the first time?
Tucker Mason
How Do You Handle Property Management for Out-of-State Rentals?
25 October 2024 | 9 replies
Hey Tucker, I would say hiring a local property manager is a game-changer for out of state investments.