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14 January 2025 | 10 replies
Duplex have different zoning that may permit additional units.
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20 January 2025 | 3 replies
I agree and additionally I'd recommend going down to the store and actually feeling them.
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5 February 2025 | 16 replies
In addition to that, building your network is key.
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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.
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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.
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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.
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3 February 2025 | 14 replies
Once you have cash in hand, you can unlock the unit for 24 hours and let him move his stuff out.I would also consider charging an additional deposit of $500 or something, just to prevent him from leaving all the trash or stealing your refrigerator.
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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.
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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.
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29 January 2025 | 9 replies
In addition, you want a separate bank account for the rental property to separate it from your personal accounts.