Krystal Stone
Renting our residential house to a group home, Any advise?
2 February 2025 | 10 replies
This sounds risky, are you being compensated by additional rent and have you checked with your insurance to ensure you are covered.
Joseph Hossenlopp
Minoan to furnish rental properties
17 January 2025 | 28 replies
In addition to cheaper prices through Minoan, they set up a site for your property with affiliate links in it.
Desiree Board
Sole proprietor, LLC or Corporation?
22 January 2025 | 3 replies
Avoid C-Corps, as they incur double taxation.Use LLCs for rentals and consider an S-Corp election for flips if income justifies the additional complexity.This post does not create a CPA-Client relationship.
Chris Blackburn
Tax credit 45L for a 90 unit or 112 unit project? What should it cost?
22 January 2025 | 1 reply
This could cost around $500 to $1,500 per unit, depending on the size and complexity of the project.Certifications: There may be additional costs for certifications (such as HERS ratings) or third-party testing to verify the energy efficiency of each unit.For a 90-unit project, you could be looking at costs in the range of:$45,000 to $135,000 for energy modeling and certification (depending on the cost per unit).For a 112-unit project, the costs would likely be:$56,000 to $168,000 for similar services.Tax Credit Calculation:If you meet the energy standards, you can claim up to $2,000 per unit.
Dylan Gomez
Inherited a property and remodeled it now its ready to sell
28 January 2025 | 11 replies
In addition, due to the 2 of 5 year rule there often is no need. 2) you cannot 1031 a property that has not been put into service to be an investment property 3) you cannot 1031 a flip.
Matthew McCarty
Started out, need advice. Already have one property and have 100K in the bank.
28 January 2025 | 6 replies
Additionally, I have $100,000 in cash in the bank, and my monthly expenses for my home and family are around $3,500.My wife earns between $100,000 and $120,000 from her W2 job, while I've recently lost my job but found a new one that pays $65,000 a year.
Pankaj Malik
Tenant threatening to sue and wants to extort money
19 January 2025 | 27 replies
- Highly recommend REQUIRING tenants to get Renters Insurance and adding you, as the landlord, as additionally insured.
LaShon Evans
New Late Start OOS Investor - concerned about assets/need LLC?
5 February 2025 | 13 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
Lina Truong
Please help me get started for mid-term rental investments
5 February 2025 | 28 replies
Would love any additional info and the chance to check it out!
Jack Phillips
Best CRM to use in 2024?
26 January 2025 | 19 replies
For a solo team we have a plan for $147/mo that includes onboarding to connect your tools at sign up and anytime throughout your membership at no additional cost, and screen share training with our team.