Philip Ganz
How does a Deferred Sales Trust work?
2 January 2025 | 12 replies
This can lower your tax bracket potentially and you earn interest on the income you would have normally paid Uncle Sam.10) At the close of escrow, move funds outside of the taxable estate to avoid the 40% estate tax on amounts over $11M single or $22M married couple.
Tanya Maslach
Who pays - Landlord or tenant?
11 January 2025 | 15 replies
Some old Milwaukee sewer laterals have tree roots that like catch on to stuff.We also eliminate garbage disposals during rehab and normally we have someone from our team check out issues, before we send a plumber.
Dionte Griffin
first deal advice
3 January 2025 | 3 replies
Due to increased rates i did not refi so i did not get opportunity to see how an appraiser valued the half bathroom but the comps with same bathroom count had crazy valuation for the additional half bathroom.Taking under utilized space like a work area to add a br where the added br does not put you above the normal for the area can add value.Similar if a neighborhood is virtually all 3 br and 4 br properties and you find a 2 BR, it could be a value add to add the bedroom via new construction.
Mark Lewis
Belleville Illinois Investing
31 December 2024 | 18 replies
We normally meet on the third Monday of the month but that will not be the case in April as that is the Tax filing deadline of April 15th..
Robert Williams
Tenant Request to Refund Pet Deposit for the Holidays —How Would You Handle This?
3 January 2025 | 12 replies
Normally, we would say no and wait until the end of the lease but due to the situation and hardships we would inspect for pets and pet damages.
Alex Hymanson
Self-Storage Opportunity - requesting guidance
3 January 2025 | 7 replies
Although normally it is better to start with an existing location.
Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
Normally, you would charge a cleaning fee (ex. $250), then refund them back the remaining.I don't understand why some people say you need a seperate account for every tenant, that's a bit ridiculous especially since banks normally require min balances, so you'll end up owing thousands to the bank everytime you pay back the tenant's security deposit.
Damon Albers
tenants breaking leases and excessive damage make it hard to be profitable
5 January 2025 | 39 replies
That is not normal for that area, but it is sometimes how things go.If you Google the street view of the Parker property, you will see that, in my opinion, it is not an area you want to be in long term.
Randee Erickson
Blue Gate Capital - are they legitimate?
17 January 2025 | 37 replies
Then we review the submitted file items and come back with questions or ask for additional documents it is a normal process.
Mark Sullivan
Add to the Portfolio or Swap
20 January 2025 | 12 replies
Normally you would think your asset value would go up if inflation goes up, but if the Fed is put into a position to print money to meet Fed Interest payments, US assets will probably devalue.