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12 June 2024 | 3 replies
(Minus the small percent of the payments they’ve made that’s been considered capital gains.)My understanding is the 60 payments they make will be split up in to interest (regular taxes), capital gains (15% usually), and principle pay down (non-taxable.).
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12 June 2024 | 14 replies
Excel tells me how much all of the regular things are (mortgage, insurance, etc), but the notebook is where I track everything for taxes and what I grab when I do my taxes (along with a file with all the receipts and copies of bills).
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13 June 2024 | 10 replies
There is probably no regular trash pick up or it is by a local guy with a truck3.)
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12 June 2024 | 27 replies
The worst case you would have to spend couple hundred or thousand extra over a regular move out rehab to clean up the extra stuff etc.
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12 June 2024 | 10 replies
Listen to podcasts, watch YouTube videos, find others in similar boat and meet regularly online to discuss.
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12 June 2024 | 47 replies
We regularly handle personal income and corporate tax filing, and have tons of tips, tricks, and free educational articles on these subjects.
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12 June 2024 | 14 replies
Often it's not intentional, it's that without regularity and familiarity, the target moves.
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12 June 2024 | 24 replies
They provide all of the same benefits of regular ownership including 1031 exchanges.
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12 June 2024 | 27 replies
unfortunately there are many ex-2 prong outlets that are swapped with regular 3 prong outlet without GFI.
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11 June 2024 | 6 replies
Any other possitive factors - stable tenant base - alarm systems - regular checks on the property - no pets - Lead safe certification - newer roof, plumbing, electric, etc..Anything to balance off the lossesBe prepared that it may end up in a non-standard (surplus lines) market for a couple of years.If you did not have flood coverage before, see if they will continue the current policy if you get Flood coverage and increase the property coverage deductible.