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30 January 2025 | 6 replies
We can do full end to end management (set up to listing and managing) as much or as little management as you need!
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31 January 2025 | 0 replies
Seller financing, private money, and subject-to deals can open up opportunities that others might pass on.🔹 Maximizing Value – A distressed property isn’t just about fixing what’s broken; it’s about repositioning it for the best possible return.
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26 February 2025 | 7 replies
I'd make sure just how much extra tax benefit will open up for you annually compared to the cost of the study.You are exactly right - a cost seg will get deferred in a 1031 exchange as long as the property you are purchasing is roughly the same components of things that were cost segregated.
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6 February 2025 | 13 replies
However, if you inherit it through her estate, you receive a stepped-up basis to its fair market value at that time, reducing tax liability upon sale.Gifting it now has no immediate tax consequences unless its value exceeds the $18,000 annual gift tax exclusion (2024).
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31 January 2025 | 7 replies
My CPA was unsure... do you issue 1090-NEC for the difference between 1099-K and 1099-MISC or do you double up the income (i.e. 1099-NEC for gross rents from PM, 1099-K of the net owner distribution on 1099-K, then owner reports double income and puts a line item expense for the 1099-K since 1099-MISC covers gross rents).You need a new accountant lolPM issues 1099-MISC, not NEC for rental income paid to property owners.You would still issue the rental income paid to the owners regardless of the payment method.The Property Owners should add an expense line item on Schedule C stating that income reported twice on Form 1099 to offset any duplicated amount.
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2 February 2025 | 9 replies
Each does really well in it's category, but I also made a point to set them up with a good design, the right amenities, etc.
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28 January 2025 | 9 replies
And each year when the lease comes up for renewal, I ask them to contact the housing authority and ask for a rent increase.
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30 January 2025 | 56 replies
Preferably looking for properties under $200k, but up to $300k.
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3 February 2025 | 11 replies
I ended up with 12 properties and 20k/mo in income after they were paid off.