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3 November 2024 | 8 replies
I always play by fair housing laws but not giving me a pick in my tenant is not to my liking!
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3 November 2024 | 10 replies
Of course capex does come into play, but I have a lot of factors on my side including most major components of the property have been replaced already, including roof replaced 2 years ago, water heater replaced 3 years ago, full house was just repiped, septic system is 5 years old, HVAC system replaced in last 7 years, i do not cover appliances with warranty in my rentals, and the tenant I placed in the property is a single dude who works 60 hours a week and just needs a place to sleep.
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1 November 2024 | 7 replies
The rates are usually tied to prime and LTV plays a factor as well for the best pricing.
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6 November 2024 | 54 replies
I firmly believe that the media/internet/powers that be are just spinning the crap out of this whole weather thing.
4 November 2024 | 8 replies
I am also considering selling the property next spring so this would be the last lease and I don't to play nice.
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1 November 2024 | 9 replies
You have options and that equals power.
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2 November 2024 | 5 replies
Each market has its quirks; like, San Antonio is all about maximizing cash flow, while Austin tends to be more of an appreciation play.
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3 November 2024 | 21 replies
Sean,I have had some good exposure to larger commercial/industrial deals but would like to start investing on my own for small multi family properties, ultimately end goal is to build a portfolio that can someday support my retirement, provide flexibility for my family, and create something that I can work on with my kids to show them the power of real estate and entrepreneurship and hopefully someday pass down to them.
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1 November 2024 | 0 replies
Examples of qualified improvement property include improvements made to the interior of nonresidential real property, such as HVAC systems or alarm and security systems.We refrain from making direct recommendations on Section 179 because we believe this decision is best made by the CPA, who completely understands the client’s overall tax situation.The decision to elect Section 179 is deeply tied to broader tax implications, including other deductions, income limitations, and future business planning.Your CPA has a holistic view of your finances and can help you make the right choice.TLDR:* Section 179 is a powerful tool for business owners and real estate investors, allowing immediate expensing of qualifying assets in the year they are placed in service.* Annual limits apply to how much can be expensed, with the 2024 cap set at $1,220,000, and investment limits that start to phase out when more than $3,050,000 of property is placed in service.* Not all property qualifies for Section 179.
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2 November 2024 | 10 replies
He has also played a key role in facilitating communication between the new tenants and myself, ensuring a smooth coordination of arrival times and addressing any specific needs they may have.