14 March 2024 | 60 replies
I'm going to try to have a level-head while writing this review since the treatment meted out to me was pathetic, to say the least.
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12 March 2024 | 4 replies
Be a great landlord - Provide timely communication, responsive maintenance, and fair treatment.
11 March 2024 | 7 replies
Dont suppose I'll get it...again, i've never done a real estate deal other than purchasing my house over a decade ago. without experience there's just so much i dont know.networking is a sore spot, i'm just not a people person. thats one reason i look at real estate. since i plan to have any properties managed, i wont have to deal with a lot of people. i imagine you'll scold me for this but whatever. i'm never going to be a people person and thats set in stone. it's something i have to work around not overcome.It seems I always get to the same point with real estate where I take the safe and easy route and leave my $ invested in the stock market. the thing that appeals to me about re, and i'm more focusing on rentals, non b&b, is steady income with an appreciating underlying asset. whereas the market is up and down. i can get totally safe 5% from short term bonds, but i know my principle is withering away from inflation (i dont believe the gubt bogus 3% cpi). with a rental house i could get 5% rental income, and the house will appreciate ~5% a year. that's a huge difference. the other thing i'm somewhat interested in is flips, but same story there, i just dont have the knowledge, and all the reading this forum or watching yt's in the world only gets to the surface as it's all airy generalities.
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11 March 2024 | 17 replies
One final note that I haven't seen brought up yet but personal use over a certain number of days per year (14 I think) triggers different tax treatment for the property and limits deductible expenses.Hope this helps.
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8 March 2024 | 4 replies
Treated pine is more budget-friendly and offers good durability due to chemical treatments, although it will not look as nice in my opinion.
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6 March 2024 | 5 replies
A failing system typically cannot be simply handed off to a buyer without remediation and replacing an aging septic system with a modern alternative treatment system (ATS) can be a significant financial undertaking.
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6 March 2024 | 20 replies
Tax treatment of LLCs is very controversial in this case.
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5 March 2024 | 3 replies
My understanding is that the $480K qualifies for 1031 treatment and tax deferral.
5 March 2024 | 7 replies
While not a big deal in the grand scheme of things, it does create delays and more items that I have to keep track of, that aren't actually productive.I understand a repeat customer may get priority treatment, it's when a desire to keep that customer happy by overlooking existing problems that come up later, occur.
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4 March 2024 | 34 replies
Well, the best tool in my toolkit is Form 8082 Notice of Inconsistent Treatment.