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5 February 2025 | 7 replies
This is one step in a long journey, and I'm glad to have found a community that is as passionate as you all are!
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22 January 2025 | 1 reply
When one machine goes down you start losing money in a small way.
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24 January 2025 | 5 replies
The goal is buy land to invest in a business.
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19 January 2025 | 11 replies
If you're going to start in a market you're eventually going to live in, I think that's a stronger case for that market."
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24 January 2025 | 17 replies
The rate is maybe a little better than what you’ll get in a conventional 30 yr. right now, but the terms are worse.
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28 January 2025 | 6 replies
., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.
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2 February 2025 | 0 replies
Less than $300K in a mortgage, generating $4,000/month in rent.
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27 January 2025 | 1 reply
The letter also states the total non-rent items currently owed by the tenant, such as accumulated late fees or repair charges.Also very important, the tenant states they have no unresolved issues with their current landlord, except as listed in a space provided, and they have no current plans to cancel their lease under the Service Members Civil Relief Act or for any other reason.
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20 January 2025 | 7 replies
Quote from @Rachel Jane: First post, no idea what I’m doing, lolMy grandfather passed away and left me his condo, which is fully paid off (and located in a seniors residence) It’s worth approx $500,000 (CAD).
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28 January 2025 | 4 replies
I tell people all the time: if you can't find a quality PM in a market, don't invest in that market!