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23 February 2025 | 9 replies
What are you hoping to get out of the extra time, work and costs of having the LLC?
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8 February 2025 | 22 replies
If your average heating bill is $150, you may not collect enough in the winter months when the bill reaches $225 but you'll collect extra in the summer when it drops to $65.
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5 February 2025 | 22 replies
Does anyone know of any real estate brokers in California that offers the MLS-only membership as I don't want to pay all the extra fees to be a part of CAR/NAR.
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5 February 2025 | 5 replies
On our first house we have a standard key and have an extra key onsite in a lockbox in case for any maintenance and lockouts.
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3 February 2025 | 11 replies
I used all the rent and any extra money towards paying them down.
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10 February 2025 | 6 replies
I find tenants really appreciate that little extra touch on move in day.
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17 February 2025 | 5 replies
Check passive loss rulesTrack carryforwardsMost small landlords will simply:Take the simplified $5/sq ft deductionClaim it if they have net rental incomeSkip it if they're already showing lossesPro Tips: 💪Use the simplified method - it's $1,500 max (300 sq ft × $5)If you're showing profits, take itIf you're showing losses, don't botherKeep basic photos/documentation of your spaceThe Bottom Line: 💰If you're making money on your rentals and genuinely use a home office, this is a nice extra deduction.
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4 February 2025 | 7 replies
Unless it is a new build, and it comes with purchase warranties are an extra cost and may or may not even be executed when needed depending on the circumstances.
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5 February 2025 | 4 replies
A few other things I'm considering;- I don't need the extra cash flow to live and am just approaching it to remove the high mortgage interest, but also hedge risk that the current stocks might tank in a few years.- Could take all current cash flow and a few thousand a year to pay off the property in 5-10 years.- Hold for a bit and 1031 into something else but am fairly confident there is not much appreciation to come on this property.
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20 February 2025 | 15 replies
What I want is a way to have and trade the stocks and bonds I currently own at a large brokerage in an IRA (as well as ETFs preferably), but held (without paying extra foreign tax) offshore.