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3 September 2024 | 0 replies
After she passed it became a rental to a slum land lord and after one of his tenants destroyed the property while having 8 people living inside it's 950 sq ft, he and I had a conversation and I bought it from him as-is for 69,000 and he didn't have deal with the mess they left.
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2 September 2024 | 8 replies
You can pass these fees on to the buyer, include them in the monthly payment, or pay them yourself.
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4 September 2024 | 9 replies
For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.
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3 September 2024 | 0 replies
The best option for you depends on a number of factors including your exit strategy, any liability concerns and preferred tax treatment.Type of EntityTax TreatmentMain AdvantagesC-CorporationDouble TaxationCorporate tax rates are lowerS-CorporationPass-throughSelf-employment tax savingsLimited Liability Company (LLC)Pass-throughLiability protection and flexibilityFuture Outlook and Recent Tax Law ChangesMost recent tax changes applicable to real estate investors include:The increase in the estate tax exemption to $13.61 million per individual for 2024.
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2 September 2024 | 3 replies
The proposed 25% tax on unrealized capital gains is unlikely to pass due to significant opposition.
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2 September 2024 | 24 replies
Why in the world would you give undocumented immigrants a pass on a background check if you require it for everyone else??
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9 September 2024 | 46 replies
Entertainment purposes only
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3 September 2024 | 5 replies
Now that fall is approaching, the peak rental season on the Gulf Coast has passed.
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6 September 2024 | 79 replies
@Priscilla Burnsed, out of curiosity, did it pass the "Tier 1", but not the "Tier 2"?
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2 September 2024 | 13 replies
Due to it having section 8 tenants it needs to be regularly inspected and it just passed another inspection yesterday.