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16 December 2024 | 6 replies
They can provide guidance tailored to your specific situation and help you navigate any state-specific requirements.If you're considering investments in other states, like Arizona or Texas, it's worth noting that some states, such as Texas, don't have a state income tax, which can simplify the process.
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19 December 2024 | 25 replies
Quote from @Tom Gorrell: We have 3 rentals in CA and one in Kentucky (total value about 2.5 M)some W2 incomesome pension incomesome syndication income and some from a business (s corp) @Tom GorrellIf they are providing tax planning and/or bookkeeping with the tax prep, then the price is reasonable.
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22 December 2024 | 8 replies
Unless you have cash backing of your own to buy and a solid commercial buyer's list, these deals are unlikely to close.It doesn’t matter if I agree or disagree with the answer the responding poster provides.
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8 December 2024 | 28 replies
Purchased a test pilot home for shared housing.
20 December 2024 | 4 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
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16 December 2024 | 21 replies
is this provided by Airbnb or someone else?
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19 December 2024 | 22 replies
Quote from @Kevin Zmick: Deeply and truly appreciate everyone stepping in to provide advice.
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17 December 2024 | 0 replies
When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.
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16 December 2024 | 18 replies
As you speak with prospective guests, just ask them and do some QA testing.
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25 December 2024 | 22 replies
We manage 100+ str and never had major issues where we needed more than the insurance these platforms provided!