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19 November 2024 | 111 replies
I've walked in on Squatters, High school kids, former tenants, some rather angry Racoons, Stray Dogs and even one unhappy Deer.Even though I always knock, shout out throughout the house that I am there and who I am, try to keep an open escape route and continue to call out as I go.
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14 November 2024 | 8 replies
I'll continue using it when I add new properties until I find something that I need that it can't do.
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13 November 2024 | 1 reply
I will pay a fee if I do not continue with their plans(obv not perfect, but you get the idea).
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17 November 2024 | 18 replies
I do plan to start investing and in the meantime want to continue to learn from seasoned vets!
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13 November 2024 | 11 replies
As River already mentioned, I would also suggest looking into meetups as well to continue to learn and grow your network.
21 November 2024 | 24 replies
The buyer bought the property from the heir and ALLOWED the property to continue to tax sale KNOWING it would sell for MORE than they paid the heir!
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14 November 2024 | 10 replies
I currently own two properties in California, and at 21 years old, my goal is to continue purchasing properties and eventually pay them off to achieve financial freedom.I’m considering two options:1.
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14 November 2024 | 11 replies
Doesn't seem like the FED has much control this time around considering the 10Y T bill (and 5Y) continues to march higher even with the FED fund rate dropping.
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12 November 2024 | 1 reply
If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.
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14 November 2024 | 8 replies
My advice probably isn't the one that will maximize your return, and it may not even be what I will follow as we continue to grow our portfolio, but here it is.My wife and I manage 5 units (4 we own, and 1 we arbitrage), and we allow anyone to give us 30 days notice to vacate at which point they can be let out without penalty.