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12 December 2024 | 3 replies
As of this morning, WSJ Prime is 7.75%, so I would expect the rate to be over 8% at the very least.
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27 December 2024 | 18 replies
If one can determine with relative certainty that today's tax rate is less than expected future tax rate then Roth makes sense.
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23 December 2024 | 3 replies
Do you need an S-Corp depends on your overall tax situation and profit you are expecting form this flip.This post does not create a CPA-Client relationship.
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24 December 2024 | 1 reply
Transitioning from builder’s risk to a regular property insurance policy might be the way to go if the sale takes longer than expected.
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7 January 2025 | 20 replies
I remember failing a few times learning the equity markets and fully expect real estate to be as hard, if not harder to navigate.
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25 December 2024 | 3 replies
For this situation, communicate very clearly and bluntly with the tenants and try to realign expectations so they don’t do this same with you.
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19 December 2024 | 5 replies
First you need to learn to separate the following:Maintenance: usually things related to wear & tear or tenant damage.Repairs: usually broken items like doors & windows, caused by tenant or nature.Capital Improvements: usually expensive things that wear out: hot water tanks, furnaces, roofs, etc.The seller is correct that Repairs & Capital Improvement items should not be a factor for awhile (ALWAYS get your own inspection to confirm).
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4 January 2025 | 35 replies
@Josue RamosRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
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24 December 2024 | 1 reply
If I reach out to a realtor, will they expect me to pay them to collect comps for me?
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28 December 2024 | 12 replies
Those that still reside are not expecting to stay anyways.