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3 July 2024 | 40 replies
Hello Harrison, I have been in touch with chinese manufacturers and even got a quote but I have not pulled the trigger yet.
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1 July 2024 | 12 replies
Means we get taxed more.One or all of the above trip my trigger.
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1 July 2024 | 25 replies
Dear Tenant: Upon further consideration, since the quality of the well water was due to Mother Nature and I took immediate action to rectify the situation when informed, I do not feel that compensation is warranted.
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29 June 2024 | 7 replies
And for other securitization consideration?
30 June 2024 | 18 replies
So, I stay out of any new MF deals for the foreseeable future.Of the deals I invested in 2021-22, at least one is heading for foreclosure and 3 more are getting close to the rate cap expiration that may trigger a foreclosure as well.
28 June 2024 | 10 replies
Converting your single-family home into a rental property involves several considerations to protect yourself and ensure smooth operations: Establish an LLC:Liability Protection: Holding the rental property in an LLC can protect your personal assets from potential lawsuits related to the property.Tax Benefits: An LLC can offer tax advantages, such as pass-through taxation, where rental income is taxed at your individual income tax rate.Insurance:Landlord Insurance: Ensures coverage for property damage, liability claims, and loss of rental income.Umbrella Policy: Provides additional liability coverage beyond your landlord insurance, offering extra protection.Deductions:Mortgage Interest and Property Taxes: Continue to deduct these expenses.Depreciation: Depreciate the cost of the property over 27.5 years, excluding the land value.Maintenance and Repairs: Deduct costs related to maintaining the property.Property Management Fees: Deduct fees paid to the property manager.Filing Taxes:Schedule E: Report rental income and expenses on Schedule E of your tax return.Separate Accounts: Maintain separate bank accounts for rental income and expenses to simplify bookkeeping.Lease Agreement:Solid Lease Terms: Ensure your lease agreement is thorough, covering rent amount, due date, late fees, maintenance responsibilities, and eviction terms.Legal Review: Have the lease agreement reviewed by a real estate attorney to ensure compliance with local laws.Tenant Screening:Background Checks: Perform credit, criminal, and eviction history checks on prospective tenants.References: Contact previous landlords and employers for references.Property Management:Regular Inspections: Schedule regular property inspections to ensure it's being maintained properly.Maintenance Fund: Set aside a reserve fund for unexpected repairs and maintenance.Moving Out of State:Communication: Maintain open communication with your property manager.
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1 July 2024 | 27 replies
And like some body-snacher flick this parasite has taken over the "wholesaler" space all but totally, zombified creature feeding on your capital vs brains although they do consume a considerable amount of ones patience as well.
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3 July 2024 | 14 replies
I think it boils down to looking at the performance of any investment consideration.
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27 June 2024 | 10 replies
(And if you think they'll update the language, I have a bridge to sell you...)Next, it has triggered occasionally and we send out a reminder that we are a smoke-free property which usually works.
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2 July 2024 | 108 replies
The action of bringing a buyer and seller together in exchange for consideration is Brokering real estate.