
9 May 2024 | 19 replies
The tool we implemented was Price Labs which has a feature that allows you to adjust minimum stays based on how far advanced a guest is booking.

7 May 2024 | 5 replies
Should I adjust my goal?

7 May 2024 | 13 replies
Our original and adjusted basis on each property falls in the $400s and the Cost Seg studies are being quoted in the mid-$2,000 range per property.

7 May 2024 | 4 replies
I review the subreddit inconsistently as well, but find myself frustrated with the lack of identity due to anonymous accounts.

7 May 2024 | 6 replies
Persistence is key – it involves adjusting to market changes and overcoming difficulties with patience.

7 May 2024 | 6 replies
@Scott Trench Thank you for your insights, this will help me adjust and take action.

9 May 2024 | 43 replies
The capital gains you would get from selling the property go back into the IRA tax free or tax deferred, depending on if the account was a Traditional or Roth and the only time you would incur taxes is if you took the money out of the qualified retirement account and took it into your personal name as a distribution.I would never own real estate inside of a retirement account.In your situation of transferring a certain percentage of the property itself instead of cash, you would need to pay a bunch of professionals on an annual basisA) $600+ for an appraiserB) $500+ for the title company to transfer ownershipC) $300+ for your accountant to properly adjust your taxable basis for the rental activity reported on your individual tax return.D) You risk your property taxes being reassessedYou also have to properly split each expense Furthermore, since you are not receiving cash, you would need to potentially find alternative methods to find cash to pay your tax liability.Yes, you are correct, depreciation is not needed/used within an IRA.

7 May 2024 | 13 replies
Your business is not the same as the person who came before therefore your operating agreement should not be identical either.