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10 August 2021 | 5 replies
Quoted text:”However, an increase greater than 10 percent is lawful if the owner or operator can prove that the increase in price is directly attributable to 1) additional costs imposed on it for goods or 3) labor used by the business, or 3) seasonal adjustments in rates that are regularly scheduled or previously contracted rates.”2”End quote.it would appear to me that if you can show that you usually raise the rent annually to keep up with inflation, then you would be able to continue that practice.
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2 January 2020 | 17 replies
In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.
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6 January 2020 | 18 replies
@Quentin Mitchell there’s no one attribute that makes a tenant better than others.
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15 November 2019 | 15 replies
No part of the monthly rent is attributable to them.
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25 November 2019 | 1 reply
If you attribute some of the purchase price to things like furniture, carpet, appliances and other assets that fall in the shorter useful lives you can get the benefit much faster (and sometimes immediately!).
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17 November 2019 | 2 replies
You mentioned, city-data, below are a a few others I've used:bestplaces.net - median home value and vacancy niche.comareaviabe.comEconomic development office for your metro census.gov "selected housing characteristics" will give historical vacancy ratesPopulation growth and some of the other attributes can simply be googled.All this is good info, but the next step of talking to realtors, prop managers, wholesalers, investors and actual boots on the grounds will help get you the specifics you'll need to really know an area.
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19 November 2019 | 12 replies
If debt-financed real estate is acquired via an IRA, any income attributable to such investment will generally be subject to unrelated debt finance income tax.5.
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22 November 2019 | 5 replies
@David FloresHave you read the full appraisal, seen the comps used, and looked at what assets and attributes adjustments of those comps the appraiser used to arrive at the valuation for your property?
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1 December 2019 | 72 replies
Sure, there's plenty of variation in this country but I'm positive I can safely stand by my statement that anyone who's broke and bleeding upwards of $30K a year on their home and transportation costs is just never going to be honestly able to attribute significant wealth creation to the elimination of their cup of tony coffee in the morning.
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12 December 2019 | 63 replies
While I’m not an expert at all, I would attribute this to the shingles not being able to breathe.