
24 September 2024 | 2 replies
The main reason we put real assets under an LLC is to keep risks isolated, which just gives you more peace of mind.

24 September 2024 | 8 replies
The brands I've been bid on have been:Eco WindowsCGI Sparta SeriesLawson IndustriesESWindowsAssuraAssura is from home depot, main advantage i've found is that they have a quick lead time of 4 weeks, compared to everyone else saying 6-8 weeks.CGI I heard its a reputable brand with a good warranty Lawson, cheapest quote but Im' hearing has a huge lead time now and they have been messing up peoples orders with sizes or specificationsES Windows, comes from Colombia and I heard spare parts, replacements and customer service is terribleEco, I haven't really heard much about but price seems close to what I'm being quoted for CGI Spartas Anybody on here with more experience that can help me narrow it down?

23 September 2024 | 2 replies
I have found that there are 3 main parts to a seller financing deal: down payment, interest rate, and price (4th would be the term).

24 September 2024 | 8 replies
I"m a big fan of Xero as an alternative QuickBooks for rentals mainly due to much lower cost and still having a robust accounting software.

23 September 2024 | 2 replies
It will be all materials supplied, so it's just labor.

24 September 2024 | 2 replies
There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

24 September 2024 | 4 replies
If one spouse works part-time and is the main active participant, can you combine time with the other spouse (even if he has a FTE W2)?

24 September 2024 | 21 replies
Plus, it takes several years to break even on the closing cost and first few years of payments are mainly applied toward the interest and less to the principal.

24 September 2024 | 14 replies
For example, each of my properties has a main account and the sub-accounts under that for CapEx and security deposits.

22 September 2024 | 41 replies
Remember your costs will be more for an STR, you'll be paying for a lot of things you wouldn't with an LTR - higher STR insurance, all utilities including internet, supplies like toilet paper, paper towels, dishwasher detergent etc, upkeep on furniture and linens if damaged, yard maintenance and grass cutting/snow removal, trash removal, etc.