The report the realtor gave me shows the Sewer system as OK, but under the plumbing it says "water supply tested and functional: No.

The July 2024 report from the Austin Board of REALTORS® (ABoR) shows housing prices in Austin and the greater metro have been stable over the past 12 months.

@Mike D'Arrigo I agree with you but If you see crimes reports, counties in MO side has soooo much more compared to Johnson county.

If your LLCs do not file their own tax return and all of the activity of the property is reported on your personal tax return then you can sell as the LLC and buy as yourself. 

Appraisals these days seem to be ranging anywhere from $600-$800 for a 1004 +1007 (market rent) report.

When you intertwine the finances of properties into personal accounts, it makes your job of financial reporting and bookkeeping very challenging.

We have to manually log the issue/damage, then enter each bill once we've done the work, then we have to track whether the tenants reimbursed us or not, then we have to pull together the water bills from another expense tracking sheet, and then re-organize everything per property or per tenant to be able to generate a summary report (which we are required to provide to tenants).

I fell into the returns trap in the last market cycle and learned my lesson.This happened in every industry, and it seems as if they are reporting the real estate deals more.

We manage a portfolio of rentals across 6 states and are looking for the best way to track accounting, run investment return reports, replace quickbooks ourselves.

You thought an extra $240k, they thought an extra $300k, and you settled on $270k.The new taxation for the seller is:- nothing now- if exercised in 2025, they sold the property for $330k in 2025- if expired in 2025, they keep your $60k and report ordinary income of $60k in 2025