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28 February 2025 | 8 replies
Akash, you said " I want an STR nearby (I live in the bay area) so I can manage it better."
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20 February 2025 | 9 replies
Note: I say this also assuming you can afford the negative cash flow, but if you cannot, then get out as soon as you can.
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24 February 2025 | 4 replies
Looking my insurance policy it mentions that I can opt for settlement under Actual Cash Value vs Replacement Cost.
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27 February 2025 | 4 replies
The last thing I'll add is that a great liability/umbrella insurance policy is usually one of the best (and cheapest) things you can do to protect yourself and your assets.
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27 February 2025 | 10 replies
See if you can agree they move out prior to eviciton.
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21 February 2025 | 7 replies
It would help if you describe the tasks you want accomplished, then we can address how we handle those responsibilities.
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23 February 2025 | 9 replies
There are several duplexes out there for sale and if you do it right, it can be financially beneficial for you.
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27 February 2025 | 6 replies
Hopefully someone with tax accounting knowledge can jump in here with more detailed analysis, but I looked at this a bit several years ago...1) You still have to pay the depreciation recapture on the sale decreasing the net benefit of this approach due to the large tax payment in the 'sale' year2) The LLC would need to not be a passthrough entity so that it can be taxed separately from you, so you have to add another tax return cost for the years going ahead3) Taxing it separately from you likely means corporate status and corp. taxation rates which are higher than yours and I've heard many times over the years to avoid titling real property as a corp...Overall from what I've seen this only makes sense in a select few scenarios, which for most people aren't in play.
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26 February 2025 | 5 replies
Section 8 sounds like a gold mine but it has its challenges that only boots on the ground can really help with.