Elvin William
Any one has rental in D class neighborhood.
30 May 2024 | 43 replies
If you have those attributes and know how to screen well, its a very rewarding and lucrative business model.
Jim K.
GENERATIONAL WEALTH: Do you worry about your kids?
31 May 2024 | 111 replies
I don’t have kids, but I grew up at least in retrospect pretty well off as did both my parents, I am one of the least entitled people I know as are both my parents, that’s attributable to a few things imo, one is just pure personality, I know some people that grew up dirt poor and are extremely entitled and other people that are crazy rich and you’d never know, some of that is just random luck, but I think another key is while we’ve always have had the security that comes with being pretty well off, we’ve going back generations lived below your means, my mom grew up in westchester county New York which is a crazy rich place, my grandmother intentionally moved my mom to a frankly pretty mixed income school district so she didn’t become spoiled, I grew up until I was 13 in a very middle class neighborhood, went to middle class schools, hell my mom up until literally this week drove a 13 year old ford explorer with 155k miles.
David Pereira
Thoughts on buying multi family all cash(duplex,triplex)
25 May 2024 | 6 replies
I think you are prudently thinking things through, which is one attribute of a successful investor.
Isan Sahoo
What's the STR forecast for 2023?
24 May 2024 | 100 replies
There'll definitely be some causation(this 2020-2021 housing run is definitely attributed to 2008 issues).
John Hickey
Hard money horror stories. Let’s hear them
20 May 2024 | 6 replies
They went from losing money to six figures net profits a single month the owner attributes a lot of that to me I don’t get over here very much anymore anymore I’m not real estate except owning my own house oh yeah maybe I should tell that story one day I sold three houses since any of the post that were down here one of them cleared about 500 grand.
Richard Licon
Private Money Broker certification
21 May 2024 | 58 replies
Of course, this may be attributed to an individual's lack of effort but, none?
Sunil Hathiramani
Appraising ADU’s in California
16 May 2024 | 7 replies
I don't think it exist yet.If that is the case, can we do our homework by providing the comps with similar attributes (ADU, JADUs, etc) when requesting the appraisal?
Tyler Speelman
Bonus depreciation in a self directed IRA
15 May 2024 | 3 replies
All tax attributes of the investment itself belong to the IRA.
Victor Omoniyi
Can bonus depreciation be claimed the next year after an asset is placed in service?
16 May 2024 | 25 replies
If a taxpayer does not satisfy section 6.01(1)(a)(i) of this revenue procedure for an item of depreciable or amortizable property because this item of property is placed in service by the taxpayer in the taxable year immediately preceding the year of change (“1-year depreciable property”), the taxpayer may change from the impermissible method of determining depreciation to the permissible method of determining depreciation for the 1-year depreciable property by filing a Form 3115 for this change, provided the § 481(a) adjustment reported on the Form 3115 includes the amount of any adjustment that is attributable to all property (including the 1-year depreciable property) subject to the Form 3115.
Shawn C.
Solo 401k
10 May 2024 | 22 replies
@Shawn ChervinskisThere can be no direct or indirect benefit between you and the plan, and the fact that you would occupy a unit of the duplex is a 100% deal-killer for an IRA or 401k.You could use a Solo 401k to purchase a property held entirely by the 401k, and to which all expenses and income are attributed to the plan.A 401k (or IRA) can use non-recourse financing, but typically non-recourse lenders will want to see more like 35-40% down and a minimum of 10% cash in the plan for reserves.