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14 October 2024 | 420 replies
This community is filled with people with different temperaments, talents, and convictions that are helping each other find ways to succeed in purchasing Real Estate, Automobiles, Planes, Boats, and now Businesses.
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3 October 2024 | 6 replies
Hey @Devin Bost, so if I need to ship something direct, I just ship it to my lake house and my neighbor will go and put it in the garage for me.I then let my cleaner know about whatever it is, usually toiletries and the like, so she can put them away.I am about 7 hours away from our rental so I do drive over 2-3 times a year to take a look, make small repairs and stock up stuff.
4 October 2024 | 26 replies
Unfinished repairs?
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7 October 2024 | 20 replies
Prior-year losses can’t offset W-2 income but can be used for capital gains or future rental income.For audit risk, high earners using REPS face increased scrutiny, so be prepared with detailed records.For material participation, keep a time log with tasks, dates, and hours spent on rental activities like tenant management, repairs, and bookkeeping.
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4 October 2024 | 14 replies
That’s with a property manager handling everything and after their fees and reasonable repairs and vacancies baked in.
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4 October 2024 | 7 replies
That way the investor should have few repairs or surprises in the first 5-10 years because you are owning the property for the best years of the building's life.
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4 October 2024 | 11 replies
Getting a tenant isn't an overnight thing, you may have repairs to make before getting one, so it could be a few months of paying double before you see any income generated from your househack.
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3 October 2024 | 11 replies
@Jimmy Leaton If you can rent out your primary home and it can be cashflow positive to help with upkeep from maintenance, repairs, and any bits of vacancy then it's worth exploring more.
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3 October 2024 | 3 replies
Shouldn't be an issue in most big cities having a list of cash buyers that are just dreaming you will bring them a 70%-repair deals.