Kevin S.
What to do with $1,000,000.00?
1 March 2024 | 140 replies
If I adjust withdrawal form LOC because of those variables then it defeats the purpose of consistency.
Karina Lucid
WealthFactory or Wealthability
28 February 2024 | 13 replies
That almost defeats the purpose of trying to attain wealth.Regarding having a small business, you may be eligible for different types of retirement accounts, deductibility of health insurance and other things.New Jersey also has a complex tax system - It may be worth while to work with a CPA in the tri-state area.
Ryan Jaret
Sink Damage from Tenant
27 February 2024 | 19 replies
That defeats the main purpose of the security deposit.
Holly Ross
Getting started with $50k / no debt?
27 February 2024 | 36 replies
That inherently defeats the objective of this if you're trying to get that "above average" appreciation via speculation.I digress from this thread.
Jonathan Small
Is each property in a LLC realistic or best advice?
20 February 2024 | 7 replies
I see this a lot in my REI bookkeeping firm and it defeats the purpose of the structure.
Nicholas Aiola
Ask me (a CPA) anything about taxes relating to real estate
27 February 2024 | 2053 replies
.- Moving 2 properties to one LLC kind of defeats the purpose a bit; a claim on one property could bring the other property down.- If you're uncomfortable with the risk of triggering the due on sale clause, you can always get an umbrella insurance policy - a good policy can essentially do the same thing as an LLC.Again, I'm not an attorney and this is not legal advice.
Asif Kabani
Balancing Act: Navigating Rent Regulations and Investment Growth in Virginia
16 February 2024 | 3 replies
While SB 366 was defeated, HB 721 is being revisited in 2025 with the potential for a pilot program. 🛑🔍🔸 This move reflects a growing dialogue on rent stabilization and affordable housing, amidst rising rent prices that are burdening residents across Virginia.
Ricardo Olea
Removing Name from DM lists
16 February 2024 | 3 replies
I explained the process to her and told her it probably will never stop, her voice sounded so defeated.
MJ Jav
Would you invest 300 k in San Antonio (TX) or Raleigh (NC)?
14 February 2024 | 13 replies
The NC (RTP) and surrounding areas are very highly priced and most of them are townhomes with $150-$200 HOA fees which defeats the basic purpose.
Dennis Walker
Deferred Sales Trust
12 February 2024 | 18 replies
I have always advised my clients to avoid MIS unless they are willing to deal with an almost certain IRS challenge and a highly likely defeat.