Edgar Perez
Buying a halfway house / sober living house
30 October 2024 | 28 replies
All rules infractions have a point value, and if a resident accumulates X points in a certain time frame, there are several steps the manager takes to remediate the behavior i.e., curfew, no nights out, extra chores, eviction, etc.AH, eviction.
David Cherkowsky
Increasing Loan Amount When Refinancing
28 October 2024 | 6 replies
I accumulated enough cash with the added $18K/year to purchase at foreclosure auctions, including the duplex I currently live in, now mortgage free.
Don Konipol
Can a SIMPLE Strategy lead to Wealth?
26 October 2024 | 1 reply
I’ve received a number of responses from investors essentially stating that they use a simple buy/rent/hold approach in small residential properties, and have accumulated net worths in the 1 - 3 million $ range starting with just one mortgaged SFR.
Ryan Kline
Seeking assistance with setting up Illinois Land Trusts, Illinois LLC, Wyoming LLC
25 October 2024 | 6 replies
The goal is to accumulate investment properties over time—either fractionally or entirely—bringing them all together under this LLC.
Chris McClellan
Saying Hello the the Pro community!
25 October 2024 | 12 replies
Downside is you won’t get the equity accumulation - but if you did this in conjunction with the properties that may not cash flow - the private lending income could help offset the low to no rental income from appreciating properties - so you get the best of both worlds without double the mortgage payments hanging over your head.
Nicholas Halterman
How do people buy multiple houses a year?
29 October 2024 | 23 replies
Check out the "BRRRRR" method and book at the BP bookstore - this is really the secret sauce to accumulating a lot of properties every year since you can recycle (use) the same capital over and over to keep building a portfolio
Evan T. Ong
I'm really uncomfortable with how my future will turn out.
31 October 2024 | 24 replies
You can start accumulating college credits right now, and graduate when you are 18-20, with little debt, if you really want it.
Marlie Evans
Bonus Depreciation, safe harbors and Partial asset disposition
22 October 2024 | 8 replies
•Enter the disposal date and adjust accumulated depreciation accordingly.
Ken Primrose
Rule of thumb on ROE?
21 October 2024 | 4 replies
I’m trying to construct a window when I should start messing with a property to move the ROE back up once it’s accumulated “too much” equity.
Mark A. McElhannon
Tax liability when selling investment property
22 October 2024 | 11 replies
Have a chat with your accountant to see what the gain and tax consequences are.Once you know what the tax consequences are, you will know whether a 1031 exchange is a good fit.Your gain = Sales price less costs to sell less adjusted Basis.Adjusted basis = purchase price + improvements - accumulated depreciation.