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24 January 2025 | 11 replies
Does a cost seg or bonus depreciation actually help you in any way?
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30 January 2025 | 7 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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4 February 2025 | 7 replies
If its four months from now, then explain to him he's going to be evicted, will have a record, and it will go to collections for all court costs and rent money owed, to the penny.
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11 February 2025 | 5 replies
I got 800+ credit and great mortgage offers so only reason im doing this seller financing idea is that its lower monthly cost
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11 February 2025 | 15 replies
.- Stock market opportunity cost: If the brokerage account has strong holdings, consider if the return potential justifies cashing out now.Given the current market dynamics and your goals, reallocating your brokerage funds into a multifamily property in Rochester could provide substantial benefits.
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17 February 2025 | 10 replies
My last transaction is up ~$1M above costs.
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25 January 2025 | 12 replies
@Yooni Choi managing from out of state (OOS) with ZERO previous landlord experience - probably won't go well.You WILL make a lot of mistakes that will cost you money.
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29 January 2025 | 10 replies
If I invested 100K today, they are currently providing anywhere from 60 to 72% passive tax deductions due to cost segregation, depreciation, etc.
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6 February 2025 | 5 replies
There's other items such as this where it may be helpful to talk to a CPA/EA for a little tax planning, especially since you'll likely get caught up in the passive activity loss limitations if taking bonus on a single rental property as I often see.It's also useful to mention that even if you do the cost seg study (I'm assuming you're doing one to be talking about this), you'll still benefit from accelerated depreciation in the form of shorter useful lives on the assets where you received bonus from.
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8 February 2025 | 13 replies
We moved to Mexico to lower our monthly cost.