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20 January 2025 | 7 replies
Give her 30 days notice now, keep her security deposit, and send her a additional bill for damages to the unit in lieu of taking her to court for the damages.
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8 January 2025 | 12 replies
While I don’t own investments there, I’ve explored the market and see potential for some long-term growth.
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17 January 2025 | 19 replies
I have about $100k in capital reserves and can leverage the 2 properties for additional capital, as needed.
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14 January 2025 | 5 replies
Additionally, your brother would inherit your cost basis in the property, which could result in significant capital gains tax if he sells the property later.
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7 January 2025 | 1 reply
With fluctuating interest rates, tighter lending criteria, and increased competition for properties, securing the right financing has become a key factor in closing deals and maximizing ROI.Are you exploring creative options like BRRRR, partnerships, or seller financing?
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18 January 2025 | 4 replies
A clean, neutral-looking curb gives prospective homebuyers a chance to visualize their own additions/upgrades.
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28 January 2025 | 20 replies
Additionally, given that your LLC is based in Georgia but you reside in California, you may face multi-state tax filing requirements, making compliance more complex.
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8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.
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25 January 2025 | 18 replies
.- Logically, there really is no additional security provided with both keyed doorknob & deadbolt, but a deadbolt is more secure than a keyed doorknob.- Since you need a key to lock a deadbolt when you leave the premises, tenant's can't lock their key(s) in the home and then pester us to come let them back in.--- Tenants can still lose their keys outside their home:(
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7 January 2025 | 4 replies
I’d love to hear more about your goals and explore how we might collaborate to work together.