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13 November 2024 | 0 replies
We focused on high-impact areas such as kitchen and bathroom updates, as well as improving curb appeal.
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13 November 2024 | 9 replies
Sounds like there is some updates that can be made, but nothing immediately needed.
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16 November 2024 | 32 replies
Threads with a lot of active participation are going to be moderated more heavily and regularly than those with 1 or 2 posts.
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12 November 2024 | 5 replies
If you have a real estate attorney you use regularly, they normally will do it for a low price as well.
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13 November 2024 | 3 replies
This would involve an agreement with your partners and a formal transfer of ownership, typically through an updated operating agreement.2.
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19 November 2024 | 111 replies
I got recertified in the military on my weapon every 6 months and without regular practice and in a controlled environment I still had difficulty with the target.It gives many (not all) people a false sense of security, like they're going to pull out their weapon and go Steven Segal on the situation, when the most appropriate response most of the time is to exit the situation (run/hide/etc).There are reasonable alternatives to carrying a firearm that are at least worth considering for your particular situation.
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11 November 2024 | 5 replies
I got lucky that the tenant wanted a house in my neighborhood to keep kids close to their schoolsHouse was listed for 1750, they offered 2250 but I declined , so they offered $3k, ended up renting the house for $3250 ($250 pet rent) per month, for 3 month, open to extension if needed.I met the tenant and did the background check on them, I felt comfortable renting to them THD takes time with approving the property, but they were quick to approve the lease, and they sent me the checks the next day after lease signingMy house is not furnished, and they were ok with that , they actually work with a company that provides furniture for the tenant, and they coordinate the delivery and setup of furniture on the lease start dateOverall I like the experience working with them , but hey today is day #1 (out of a possible 3 months), so I will update this post if anything wrong happens or if I notice any red flags
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12 November 2024 | 2 replies
Here's a little update: I've joined multiple investing groups on Facebook in hopes of attending meetups and finding property listings.
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13 November 2024 | 8 replies
@Albert Aitov Give us an update please.
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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.