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23 November 2024 | 38 replies
Here's some other copy & paste advice you might find useful:---------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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19 November 2024 | 4 replies
I've sold dozens of homes during the so-called Eligible Date Range, but figure any payout will be peanuts after all the lawyers get their take from the top.
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25 November 2024 | 36 replies
As I evaluate this, I figured I'd share my account with my bookkeeper, but then realized that would also give them access to my accounts.Don't get me wrong, I like Baselane so far, but this might be a fatal flaw for me.
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22 November 2024 | 9 replies
It's been 8 months, figured I'd provide an update the the Toledo / Lucas County Metropolitan Housing Authority, LMHA section 8 voucher program.
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19 November 2024 | 6 replies
Quote from @Rud Sev: Hi Michael,Thank you, I will message my CPA asking for a more detailed explanation.I've been inquisitive with my CPA, but unless I ask question I do not get explanation (and unfortunately not a walk-through), although I've shown interest understanding this further and further.I'll try to reformulate my question more clearer (and with more data) - the problem that I have and will have is figuring out if my questions and confusion are due to a lack of understanding on my part, or my CPA is truly making mistakes.Regarding carry back, thank you for this info.
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22 November 2024 | 14 replies
Figure that out and you'll have a roof over your head that pays for itself while you accelerate savings and repeat in 1-2 years.
21 November 2024 | 8 replies
Or it could be something like dialing in on and area and figuring out exact requirements for parceling off additional lots - find an old house that nobody wants on 5-10 acres.
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21 November 2024 | 23 replies
Figure on a small loan maybe 800/month for 5 - 6 months?
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21 November 2024 | 39 replies
Sure it sucked being out the $50K, but I would rather have $50K in my bank than a $100K judgement I then had to figure out how to collect on.