
29 November 2024 | 9 replies
@Richard NguyenHere are some of the downsides of putting real estate into a self directed IRA or 401k.No tax deductions: You can’t claim deductions for property taxes, mortgage interest, depreciation, repairs, improvements and other property-related expenses.Property expenses: All expenses, repairs, and maintenance costs must be paid with IRA or 401k funds, and you must pay others to do repairs and manage the property.

6 December 2024 | 21 replies
I asked one of these coaches who said her rental income is $140,000 a year if that is the gross rental income or net rental income (after mortgage payments, property taxes, insurance, repairs, vacancies, capital expenses).

28 November 2024 | 8 replies
I'm talking to the seller's broker, but I would like to find my own people to assist with the due diligence period, such as an SBA loan broker, an accountant with experience doing QoE for this kind of transaction, and a lawyer.

2 December 2024 | 14 replies
Tenant screening often seems to get overlooked because landlords know the income is automatic, but the problem becomes the repairs and maintenance.

2 December 2024 | 34 replies
Then do no repairs and sell the property to investors paying off the property in 5 yr's.

1 December 2024 | 15 replies
You can certainly ask the agent who helped you purchase the property for advice too ;)Since you are using a PM to run things, I don't see any need to meet anyone except your PM and the contractor/handyman you plan on using for repairs/updates.

1 December 2024 | 31 replies
Feel free to reach out if I can be of any assistance

2 December 2024 | 29 replies
He may know of PM companies that assist with setup: https://www.biggerpockets.com/users/allenduan#0

29 November 2024 | 7 replies
The last thing you want is a brand that will take 2 weeks to get repaired if needed.We have Maytag units in our lake house and they have been rock steady for 7 years.

27 November 2024 | 13 replies
The buildings are getting older and they don't have the funds to do the repairs.