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21 August 2024 | 10 replies
Are you seriously posting ChatGPT-generated content.
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21 August 2024 | 7 replies
Do not put rental properties in an S Corp.Generally, you should have an S Corp for flips, property management operations, commissions and any other activities that generate ordinary income.Passive investments should be held in pass-through entities like partnerships.I'm not an accountant, but I have clients and personally had to pay taxes to move long-term holds out of S Corps just to change title (e.g. for refinancing).
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21 August 2024 | 73 replies
1) With rent control, it keeps inventory low, thus high appreciation for rents.2) Higher dollar appreciation. 3% increase on a $1M value is higher than a 3% appreciation on a $100,000 value. 3) Same as #2 but with rents.4) Because of the above, you could argue that you are generating a higher net worth faster. 5) Expensive markets like LA, NY, and SF can be great for house hackers.6) Because I first bought in LA and then bought a second house hack, I have been able to leverage business partner, HELOCs, and a 1031 exchange and now have 15 doors between four states and I haven't had to put a down payment of my own money (or at least BRRRR and got my money back).
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20 August 2024 | 81 replies
I did ask about short sale and they said they would need to see a HUD statement and purchase agreement to do that but I was confused how I would generate those two items without an agreement from Kiavi on the short sale amount?
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21 August 2024 | 94 replies
This saves him quite a bit on conference fees, and helps him generate even more passive revenue for anyone else looking to use the conference center at other times of the year.
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21 August 2024 | 18 replies
(I have five rentals).Thanks depends on if you can generate capital losses safely in the year your taking the gain.
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18 August 2024 | 28 replies
Word on the street is that Split systems (common in . . . . a LOT of places other than the US) operate at a lower energy consumption rate per heating unit and cooling unit.
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21 August 2024 | 23 replies
Additionally, Memphis is known for its strong rental market, with a steady demand for rental properties, making it a promising area for generating reliable cash flow from long-term rentals.Your familiarity with Memphis is a significant asset.
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20 August 2024 | 17 replies
Id love some input on starting my own property management business to generate cash for more deals.
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17 August 2024 | 3 replies
I currently work in the energy sector, but my ultimate goal is to become financially independent through real estate.