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24 January 2025 | 10 replies
This is something I try to live by and teach my kids if I can - "A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly.
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25 January 2025 | 4 replies
@Ashley Kehr I use a combination of Apartments.com for rent collection, RentSpree for tenant and background screening, and Stessa for accounting.
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23 January 2025 | 7 replies
I have some of the required funds in a HYSA, but will most likely need to draw from another account and I'm curious which method is the most efficient in terms of taxes/capital gains, penalties, loan repayments, etc.Based on my previous transactions in the market, I estimate ~$45k cash to close: $20k for the down payment, $15k for closing costs and prepaids, and $10k of starting reserves.
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11 February 2025 | 12 replies
That is the basic run down, I would suggest syncing up with a real estate knowledge accountant for your specific situation!
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10 February 2025 | 6 replies
There is no exception accounted for in the subsections or linked sections that changes the meaning of that statement.
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23 January 2025 | 2 replies
The only “good news” is you’re paying for last year’s shortage and thsi year’s taxes, or this year’s shortage and next year’s escrow account.
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15 January 2025 | 15 replies
This is a very common way for people to investing using their retirement accounts.
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24 January 2025 | 0 replies
Tenant covenants and agrees to pay interest at the maximum lawful rate or eighteen percent (18%) interest, whichever is less, compounded annually, on all unpaid Rent, damages, and other amounts owed by Tenant, excluding late fees, from that date of Landlord’s final accounting until such time Tenant pays all such outstanding amounts.
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22 January 2025 | 4 replies
You can run the same scenario accounting for the tax hit if you kept it past the 2 of 5 year time frame I presume you are referencing.