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18 October 2024 | 5 replies
As I've learned more about analyzing properties I have quickly discovered we had to make some changes to our current rents and with changes going into effect next month the property will cash flow around $675/month, we only have about 7 more years on a small lean we have on the building, after that it should cash flow around $1000/month and be paid off with no leans.
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16 October 2024 | 12 replies
I have sent an inquiry to message select owners when I wanted to reach them.
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15 October 2024 | 9 replies
Do you already have an agent selected?
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17 October 2024 | 10 replies
Miscommunication can lead to conflicts, eroding trust and making it hard to collaborate effectively.
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16 October 2024 | 0 replies
They can take time with their search and be more selective about a property’s location and condition.
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17 October 2024 | 1 reply
I look at it through the lens of: 1) If I contribute to a pre-tax account like a pre-tax 401k, Traditional IRA, SEP IRA, I get a tax deduction, but now I'm in a partnership with the IRS, but I don't know what I will have to pay them later on in life when I start pulling money out (that is because when you distribute you pay taxes based on your effective tax rate at that time, which can be unknown). 2) With Roth accounts, (Roth IRA/Solo 401k(k) with Roth component), I can get the taxes out of the way on the seed, so I don't have to pay on the crop.
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15 October 2024 | 2 replies
In my opinion, this is much more effective than texting, which often feels like a constant game of cat and mouse with phone carriers.
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15 October 2024 | 2 replies
In my opinion, this is far more effective than texting, which often feels like a constant game of cat and mouse with phone carriers.it is relativly simple and although costing money it is relativly the more cost effective one.
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16 October 2024 | 5 replies
Unfortunately, I don't think it's realistic that you will find a generic commercial lease online that checks all the compliance boxes for your state, city, and county.There are limited service property managers that will do retail tenant placement (rather than full property management, which it seems like would be overkill for this one commercial unit you manage), and this would be included as part of that basket of services.You could also hire a lawyer, but I think that property management company will be more cost effective.
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16 October 2024 | 10 replies
Hey Kevin, You're correct that in a Roth IRA, the tax advantages of depreciation, such as offsetting taxable income, are effectively lost since the account itself is tax-free.