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15 April 2024 | 19 replies
The math gets a bit more complicated to calculate the adjusted deduction but the minimum is $1050 (scaling up with earned income).
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18 April 2024 | 87 replies
You can:Go to other markets, or;Find motivated sellers or;Adjust your financial criteria to reflect market forces (either directly or through using some value-add approach after purchase), or;Hold off expansion of your empire until the Gods (market forces) see things your way, or;Pack it in and play the stock market.BTW, drop the "two months" self-imposed deadline: You will wind up doing a deal for the sake of doing a deal, trying to convince yourself it is "good'" not because it actually is "good."
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14 April 2024 | 22 replies
If they don't live there or are mean neighbors then you send it certified mail and submit the certification after 30 days if there is no reply.
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15 April 2024 | 35 replies
The goal of real estate investing is financial freedom.Financial freedom requires a rental income that:Increases faster than inflation: Unless rents increase faster than inflation, your true (inflation-adjusted) income will continuously decline, and your time off the daily worker treadmill will be short.
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13 April 2024 | 1 reply
It's strange that you claim to make over $150k, but your adjusted gross income on the form is listed at under $35k.
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13 April 2024 | 29 replies
I would take the opportunity to account for the cleaning and re adjust your offer to what you are willing to pay for it.
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10 April 2024 | 3 replies
Looking online, responses say it adjusts every 6 weeks or so. it has never reduced so far.
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13 April 2024 | 26 replies
You can make a profit in any market, you just have to adjust your investing style to the market :) You got this.
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13 April 2024 | 12 replies
I would say that a 1.20x DSCR ratio minimum for BRRRR is a bit high - plenty of options out there that wouldn't require such a hurdle A lot of industry DSCR requirement doesn't make sense actually, typical cap rate right now for single family with average price of $1.3 mil in SJC is about 1.5-2.0% right now, DSCR is whooping low 0.3-40.I don't know how you guys could qualify DSCR rental in CA these days.Now that our friend in Milwaukee is having trouble getting financing of his own, and we speak about Milwaukee here where not too distant ago, it was in double digit cap rate territory.my question to you lender folks how are you adjust to these situation ?
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12 April 2024 | 6 replies
Also, in order to take the bonus depreciation, do I need to amend prior year return, or can I take the adjustment in the current year?