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22 August 2024 | 10 replies
Having over 10 years of experience in the electrical field, and correcting numerous poorly executed electrical installations, one of the biggest value adds that I have is this experience.
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22 August 2024 | 9 replies
Lots of great educators on youtube for getting data to drive decisions.
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22 August 2024 | 16 replies
DSTs suffer from 3 main problems:1) Low returns (aka 4-6% ish)2) High fees3) Poor / no liquidityThe combination of these factors makes DSTs pretty terrible investments right now.
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24 August 2024 | 26 replies
@David Colthart Great decision David!
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20 August 2024 | 4 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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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.
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20 August 2024 | 16 replies
Although worded poorly this was the reason I posted as this would have constituted the first time and I thought there could be a problem doing so.
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22 August 2024 | 53 replies
I want to go over all the info I have and see if people have suggestions on what else might be available or what I can do to make better decisions.
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20 August 2024 | 10 replies
That will allow you to make a more informed decision about how you want to have the LLC set up for your unique situation.
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21 August 2024 | 9 replies
My default decision is LVP unless I have a good reason otherwise.