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4 December 2024 | 30 replies
ThanksIf investors are doing multiple real estate ventures, construction and rental, it would help that they can do the accounting correctly.
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4 December 2024 | 2 replies
After reaching out to two separate CPA's they advised me they do not answer 1031 questions and the intermediary should confirm the correct deadline date.Can anyone confirm whether the qualified intermediary should provide the confirmation of the date pursuant to the IRS notice or provide a CPA who does phone or zoom consultations and works with 1031's/IRS Notices?
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4 December 2024 | 16 replies
Quote from @Brent Hindman: If I read this correctly, your current home would cash flow around $400/month.
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29 November 2024 | 12 replies
Unless you are getting a bank loan and are willing to accept higher interest rates and balloon payoffs, buying within an LLC is not a clear-cut decision.An LLC can be created very quickly and should costs under $1K, but you need to know there will be costs and time to maintain that LLC every year.
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5 December 2024 | 8 replies
Larger, nicer homes tend to be more expensive to maintain and harder to rent consistently due to high turnover costs.4.What are your other sources of income?
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3 December 2024 | 9 replies
I’ve heard about home equity loans and HELOCs, but I want to keep my money in the stock market to maintain some diversification.My question is: would it be wise to take out a home equity loan for the full $200k to keep my stock investments active?
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30 November 2024 | 11 replies
My policy is that we provide a pest-free home, then the tenant is expected to maintain it that way.
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2 December 2024 | 7 replies
Though I have not written it in to a lease(yet) I would at least have a clause that the unit maintain clear access thru the unit to windows, entry, etc.
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6 December 2024 | 15 replies
They would have to foot the bill and also pay for the removal (up front) - because maybe they will work the disposal correctly, but there will be a next tenant - so that decision could have expensive consequences for them.When you present them with the true cost of install and removal, it may not be that important anymore..
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3 December 2024 | 19 replies
Eventually, you'll have no choice but to get a job to maintain your standard of living.Best source for population growth: WikipediaLast Throughout Your LifetimeYou cannot sustain financial freedom if your income doesn't persist throughout your life.