Jessica Kiely
New rental - attracting a qualified tenant
30 December 2024 | 8 replies
If I don’t hear from you in the next 10 minutes, I will assume you aren’t attending and I will move on to my next appointment.Using this system as dramatically reduced any wasted time I used to endure as part of the showing process as well as giving me data about their timeliness/responsiveness/respect for others' time.I often schedule several viewings at a time, 15 minutes apart.
Mike Richards
Deduct from rental income more than one year of Real Estate taxes?
31 December 2024 | 3 replies
If you pay two years' worth of property taxes in 2025 (January and December), both payments are deductible on your 2025 return, potentially reducing your taxable rental income significantly.
Paul Novak
Small & Mighty Real Estate Investing
21 January 2025 | 14 replies
Here’s a streamlined perspective:Your current approach, putting more down upfront, minimizes risk, increases cash flow faster, and allows you to build equity while reducing overall interest.
ZZ Song
Any experience with Prime Corporate Services?
20 January 2025 | 31 replies
That’s half the cost of Prime’s reduced rate.2nd, like everyone is saying, the cost of setting up and LLC is less than $100… closer to $50… if you just do it yourself through the state (not complicated).3rd, if you want someone to help you draft your operating agreement, hire a local real estate attorney and it will be significantly cheaper than $1660… probably cheaper than $550.4th, if you want someone to do your taxes and help you get your max deductions - talk to a CPA who specializes in real estate and they can review your operating agreement to see if you’re setting yourself up properly, and they can do your regular taxes… and be cheaper than Prime. 5th, a separate CPA can work with you regularly to review your investments and strategies to determine good tax strategies as you look to execute any deals. 6th - don’t lock yourself into a crazy subscription model before you start making money!!!
Geoffrey Serdar
Engagement Fee for a loan: LENDBASE
29 January 2025 | 31 replies
Any unused funds from the engagement fee are typically credited to the borrower at loan closing, reducing your total cash to close.
Carlos Olarte
Is it worth building Adu's in Orange County / Long beach ?
23 January 2025 | 12 replies
This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.
Gene D Stephens
Experience with Adverse Possession?
30 December 2024 | 7 replies
If your objective is to reduce your own tax burden, you are in essence confirming they have no valid AP claim.
Sean Michael
Making Sense of San Diego Real Estate (Renting and Investing vs Buying)
5 January 2025 | 12 replies
To intentionally reduce the leverage more than required is a foreign concept to me especially in the San Diego market.
Ryan Daulton
Benefits of self-directed IRAs
14 January 2025 | 18 replies
Another key benefit is diversification; an SDIRA allows you to include real estate in your portfolio, reducing risk by spreading your investments across different asset types, which isn’t possible with a standard IRA.Moreover, assets in an SDIRA often enjoy protection from creditors, adding a layer of security to your investments.
Tom Hall
is it a good idea to pay of my mortgage fast?
6 January 2025 | 28 replies
Then ask them what your options are to reduce payments in the future.