John Underwood
No tax on Tips for Rental Income
31 December 2024 | 12 replies
Probably not, but I'd see what my CPA and attorneys have to say.Be a pain having tenants pay you twice too.Also, passive income is already treated pretty favorably after deductions such as depreciation.
India H.
1st time REI ready to make first purchase!
16 January 2025 | 10 replies
Any good HML will be happy to share the contact info of borrowers so you can see how easy the process was and how well they treated the investor.Can you share a recent closing document or HUD?
John Friendas
Cheapest Funding for No Electric Property
10 January 2025 | 4 replies
And how do I roll this into a cheaper mortgage (my dti would be too bad for another conventional).Maybe a lender would be able to consider the electric "working" with the proper inspection?
Dwight Henning
Management company recommendations
18 January 2025 | 4 replies
If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.
Ronit Lodd
Best Property Management Software to Scale to 10+ STR Listings? + Direct Bookings
20 January 2025 | 7 replies
However, I've heard lots of bad experiences online with Guesty, Hostaway, Hostfully, etc. etc.
Izraul Hidashi
If a Borrowers Promissory Note Funds a Loan Who Is The Creditor?
15 January 2025 | 32 replies
The banks treat it as if the borrowers gift it to them.
Keith A.
Going without landlord's insurance. Have you done it?
7 January 2025 | 7 replies
One bad situation can harm all the properties.
Phillip Austin
Nightmare Tenant - This is why you need a property manager!
24 December 2024 | 7 replies
Upon move-in, appliances, cabinets, floors and walls all had built-up grime and residue from your habitation of the home.Infestation of bugs, pests and rodents-There was no attempt to treat the house for pests, as evidenced by the more than 15 spiders we have already seen in the basement, and the live, active wasp nest in the patio fence.Floors, stairways and railings in poor condition-The carpets are stained and smelly.
Angel Santiago
Property Manager South Florida
14 January 2025 | 8 replies
I'm the VP of a roofing company in South Florida and work with a few good PM companies on a regular basis, a lot of bad ones too.There are good and bad PMs in each of those companies.
Edgar Duarte
should I sell NOW to avoid taxes or hold it for appreciation?
20 January 2025 | 2 replies
Quote from @Edgar Duarte: hi allI would love to get some perspective from your expertise, we have a property that we would have to sell in 2025 to avoid paying taxes on the capital gains, we believe we rcan sell it for $700K and get an equity of almost $500K after paying the mortgage balance, if we invest all of it option in index funds at 7% rate (standard com growth calculator), or in more rental properties as we are all here for, I can get the equity of around $900K.option B would be keep paying the house at 2.3% int rate while we have it in AirBnB and maybe sell it in 10 years for $900K, knowing that we would be paying taxes but it is not that bad still. or we can 1031 at that point?