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11 December 2024 | 3 replies
With the idea of "we can turn money today into more money tomorrow by investing it," I place most of this within a taxable brokerage account where it grows based on the market broadly speaking.
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19 December 2024 | 22 replies
I am curious if anyone has had success in other areas let me know.We are thinking of relocating as it looks like there is no end in sight for this.If you had 250k to spare or sitting in a non interest bearing account, you could look into the hard rock hotel condos.
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15 December 2024 | 5 replies
You will likely need to sit on the unit for a long time or reduce initial rent below the market for that unit to rent during the Winter. account for this by either offering a Winter special that will increase to market in the Spring or doing a short lease that ends in the Summer.
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19 December 2024 | 50 replies
I took title to each in a separate series of my LLC, which is the same as per entity protection as having each in a separate LLC but with the organizational and accounting costs of having a single LLC.In the case of each I carried hazard and liability insurance for the INTERIOR of the condo while the HOA carried insurance for the “common” areas, including structural.This particular condo was on the second floor, with retail and office space directly below.
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12 December 2024 | 10 replies
If QuickBooks isn't accounting for these 2023 costs, it may overestimate your tax liability.
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13 December 2024 | 15 replies
When my contractor went without me they kept him waiting over 2 hours then told him something completely inaccurate and they take no accountability for how they can literally destroy peoples lives and finances.
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12 December 2024 | 6 replies
So, my budget then would have to take into account the rent i wont be receiving and i'll be paying the mortgate and expenses out of pocket.
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12 December 2024 | 1 reply
Does closing my account cancel my subscription?
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15 December 2024 | 30 replies
Do you have the professionals you need to start an LLC, do the proper real estate/tax accounting, solid contractors to rehab or prepare the property, and a property manager to handle the day-to-day operations?
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18 December 2024 | 26 replies
Account for property management costs if you’re not managing it yourself and compare financing options.Tools like Rentometer (rental rates), BiggerPockets Calculator (cash flow analysis), CoStar/LoopNet (market data), and PropStream (property details) can help you evaluate deals effectively.