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22 April 2024 | 18 replies
The expense can not be an improvement unless it falls under the deminimis safe harborCapitalized - improvement that does not qualify as a deminimis safe harbor and it relates to tenant area.Non-deductible - payment as it relates to personal residence area.
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22 April 2024 | 3 replies
It would cost around $3,500 to safely get my head above water with the licensing expenses, and I currently do not have that much, as I have most of my money currently in either a retirement fund or going toward college.
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22 April 2024 | 2 replies
I'm looking at the proper treatment of the de minimis safe harbor election 1.263(a)-(f), specifically paragraph 6 which details the anti-abuse rule.
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21 April 2024 | 17 replies
The funds may feel safe, but they are likely not as safe as doing your own work.My fictional, perfect fund would have characteristics like the following: - Double digit simple interest yield.- Uses no or very, very little fund leverage (LOC for less than 20% of fund equity)- Lends in one specific location/region that fund managers have deep operational experience in and which has speedy foreclosure laws. - Multiple unrelated fund mangers with deep experience (so one can't get hit by a bus)- Lends at conservative LTVs, stage-gates release of funds based on project milestones.- All loans are in first position, with senior rights.- Lends only to experienced borrowers- Has good liquidity - 1 year lockup or lessThe problem is that no fund meets all of these criteria.
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22 April 2024 | 4 replies
If a fire restoration company came out to inspect after the fire they would have deemed whether the structure was safe or not for repairs and to continue living in.Always good to do your own due diligence, but I personally think the plumbing and potential water issues pose a higher risk.
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21 April 2024 | 9 replies
They said it is perfectly safe for kids/pets, but what will happen is that these mice will eventually just die wherever (there is not trap they die in)Questions:Is this quote reasonable for a 2-family with 3 visits?
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22 April 2024 | 39 replies
I simply make what I consider to be safe investments as well as buy more assets.
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21 April 2024 | 47 replies
Jason these problem can be visualized like these:a) Cheap Money regimeb) Expensive money regime (post 22) Then we do have always options for investment :a) liquid cash investmentsb) stock / bond portfolioc) Equity residential investmentd)Debt investment There's recent survey from Citigroup that showing a family office has different strategy when financial condition is moving from cheap money to expensive money regime, for example, during 2010-2022 cheap money regime, it's not difficult to be agressive in equity investment (such as buying rental) as spread is huge (6-8%) ; but during expensive money era, like someone also mentioned above, the spread is only 2-3% now.I can always generate 8-9% "almost safely" with public interval fund or BDC while equity is also offerig something like 8-9% IRR, so between debt investment and equity investment , is not big of spread.
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19 April 2024 | 12 replies
Greetings BP family,I recently passed my SAFE Act exam and am ready to begin building my book of business as a mortgage loan officer / originator in Virginia!
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19 April 2024 | 9 replies
Please feel free provide your thoughts and advise.Thanks in Advance Hey Ahamed, yeah, Roseville/Folsom areas have great schools, safe neighborhoods.