Samuel Olivas
Starting off with no-money / going into first deal with nothing down.
20 May 2024 | 12 replies
If you are young and have not collected kids, dogs, and commitments, I'd suggest putting your head down, delaying gratification, working your a$$ off (get a second job, drive for uber, deliver pizzas, buy a pressure washer and knock on doors asking to pressure wash driveways, etc.), living off of next to nothing, and looking up in 12 months to re-evaluate.
Jorge Martínez
Should I remove tax deductibles (property tax, insurance etc) For cash flow?
17 May 2024 | 11 replies
Sadly the market can stay irrational longer then you can stay solvent!
Joseph Skoler
Transfer real property from s-corp
20 May 2024 | 28 replies
If there’s no tax basis remaining in the property, which I presume is the case given it’s 50 years old, this would be a complete wash for basis purposes.That said, if you have stock basis and this is the sole asset of the S-Corp, consider (1) dissolving the S-Corp in the same year and (2) pursuing a cost seg on the property once it’s in your new LLC.An important note is that the value of the distribution to you is the basis you’ll receive in the property.
Lynn McGeein
Covenants vs Newer Rules & Regs: Which Prevails if Different?
19 May 2024 | 6 replies
SF detached in Raleigh HOA, we've owned 15+ years with minimal HOA issues, the occasional "needs pressure washing."
Troy Parker
Professional Painter or DIY?
20 May 2024 | 32 replies
We didn’t wash the walls and the paint started peeling about two years later.
Shirley Pu
Should I hold or sell? Seeking advice
18 May 2024 | 5 replies
Sometimes everything seems to happen at once (I had to repair a furnace, replace a dishwasher, washing machine and fridge in one year at one place-all appliances were original to the home and 3 decided to quit at the same time).
Cole Soreano
Combining households with my 67 year old neighbor
17 May 2024 | 4 replies
Backstory- My family and I live next to a widow who lost her husband almost four years ago, we reside in central WA. She
Chuck Dreison
How often do you buy/sell debt with buyback options?
16 May 2024 | 6 replies
Typically, when funds acquire loans, they assume delinquency/default risk in exchange for earning a yield on their investment.Yet this would work differently – it’s a request to purchase debt alongside a corresponding put option/insurance policy.From the buyer’s perspective, as long as the seller remains solvent, with sufficient liquidity for any exercised options, it’s a risk-free investment.
Sam Green
Self Storage
20 May 2024 | 121 replies
water, sewer, dump station, wash station, tire covers, monthly check up service (tires, doors, plug in, propane tank fill, inside motion sensor alarm, etc).
Franc B.
Washer dryer hookup issue in rental
16 May 2024 | 8 replies
The only option is to buy a 2-in-1 combo machine that does both dry and wash.