David Woodside
500 hour rule - material participation
15 January 2025 | 12 replies
@David Woodside The 500-hour rule allows you to treat rental losses as active, enabling you to offset other income and reduce your tax bill significantly.
Account Closed
L.A. Wildfires and Their Tax Implications for Affected Residents
9 January 2025 | 0 replies
As firefighters persist in battling the blazes, many residents are left assessing their financial and emotional losses.
Renee Tan
How can I learn Yardi?
16 January 2025 | 9 replies
It's essential for me to acquire these skills as I navigate potential roles in the real estate industry.If you have any insights, recommendations, or perhaps know of specific training programs or resources for learning Yardi, I would greatly appreciate your guidance.
Max Smetiouk
Amenity ROI debate
24 January 2025 | 10 replies
This is something I try to live by and teach my kids if I can - "A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly.
Brett Coultas
New member introduction and host financial question
21 January 2025 | 8 replies
In many cases bigger banks or lenders have specific programs that cater to first time home buyers and investors.
James Mays
Property Insurance - Out of state rental - Jackson, MS
16 January 2025 | 3 replies
I would consider adding loss of rents coverage.
Alex Tang
Opting for Actual Cash Value vs Replacement Cost if Home Damaged by a Fire
12 January 2025 | 3 replies
Not enough information here to answer this question accurately.Is the home a total loss?
Adebola Adetunji
12 years Mortgage left on a deceased Property-I intend buying!
12 January 2025 | 2 replies
I walked to the house and met a man who says he was cleaning out due to the loss of their mother in some few weeks back.The guy told me she is left with 12 years mortgage on the property to pay the bank.
Eric N.
How do you do Seller Financing/Sub2 and comply with Dodd Frank/Safe Act ?
30 January 2025 | 47 replies
If he overestimated the value of property and can't recover his loss then it's none of your concern.
Andrew Katz
Should I Keep these Tenants?
30 January 2025 | 13 replies
If they pay late now as is, let's say they lose a job or have a temporary loss of income, you're kind of SOL.I would look to build reserves between now and August.