18 October 2024 | 34 replies
For leverage of 50% or less any worries are psychological with little chance of consequences moving beyond the specific property leveraged. 50 - 65% could go either way depending on economic climate, specific property attributes, management, etc.
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12 October 2024 | 15 replies
My property manager is declining to provide a receipt of the repair that he/she conducted.
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12 October 2024 | 5 replies
Being trustworthy and proactive are huge, you know a property manager is great when you know they will do the right thing when no one else is around and they do things when they aren't asked.
11 October 2024 | 1 reply
Reference checks help you verify these attributes, thus reducing the risk of late payments, property damage, and eviction issues.
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11 October 2024 | 1 reply
One "bargain" cost me $30,000 in hidden repairs - don't repeat my mistakes.Build your team early: a realtor, inspector, contractor, accountant, and maybe a property manager. I
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11 October 2024 | 10 replies
The reason you have to obtain this special type of financing is because the tax code provisions (IRC 4975) do not allow you to personally guarantee debt that your IRA or Solo 401k takes on. 2) It was referenced above UBIT, which is a special tax on the portion of the after expenses and depreciation, that is attributed to the debt financed percentage of the property.
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8 October 2024 | 1 reply
Of the remaining $200,000 gain, 75% (6 out of 8 years) ($150,000) is attributed to the time the property was rented and is therefore taxable at the long-term capital gains rate.
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8 October 2024 | 13 replies
I am reading my 1st book on rental property investing and networking for investor, realtor and property manager. I
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14 October 2024 | 37 replies
No PWM or top tier asset manager is going to tell you to do that unless they sell it.
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5 October 2024 | 14 replies
For example, 75% would be depreciable value attributable to the structure and 25% would be non-depreciable attributable to the land.