
21 August 2024 | 18 replies
If you’re working with a tax professional ask them to do a tax projection for you with one scenario assuming you sell all 5 today and the other assuming you only sold 2 today.With the tax projection you’ll now have a good estimate of what your tax situation will look like and can make decision based on that.Maybe you can consider selling your portfolio and doing an installment sale, this won’t help on the depreciation recapture but it would help spread the gain over multiple years.Each strategy has pros and cons, if you want to rip the bandaid off an be done cold turkey (or warm turkey if you’re into that) there most likely will be a large tax hit but less headache holding them longer.

20 August 2024 | 0 replies
Rechecking orders, our window company miscounted the windows and forgot one, so we had a delay in the last window install, by 3-4 weeks.

20 August 2024 | 2 replies
We installed an interior French drain system in the basement, because we knew that the neighborhood is prone to water intrusion.

20 August 2024 | 50 replies
In saying that, the redemption period only exists if proper notice is actually given to the IRS by the foreclosing trustee.

20 August 2024 | 0 replies
Rechecking orders, our window company miscounted the windows and forgot one, so we had a delay in the last window install, by 3-4 weeks.

22 August 2024 | 53 replies
He goes into detail on how to properly screen potential team members to find the best ones.All the best!

18 August 2024 | 28 replies
It has worked so well I installed another one this year and plan to install one every year in the remaining units.

21 August 2024 | 3 replies
Operating Expenses (30-35% of Income)Rule of Thumb: Allocate 30-35% of your rental income to cover operating expenses such as property management fees, maintenance, repairs, utilities, and insurance.Why: Properly budgeting for these expenses will keep your properties well-maintained and avoid unexpected financial strain.3.

20 August 2024 | 1 reply
Makes me wonder why more of them aren't making proper efforts to educate themselves on value and instead think that a house selling for say $250K is a great deal because it is much cheaper than houses where they are from.

21 August 2024 | 5 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊