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9 January 2025 | 16 replies
I disagree with asking your CPA what they like unless your Tax CPA is an expert in the same specific industry you are in.
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9 January 2025 | 2 replies
I bought 6 unit property in Wildwood,NJ,in November 2024, doing rehab now, should be done by May 2025I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts in 1031 that can help me?!
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6 January 2025 | 14 replies
See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.
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6 January 2025 | 3 replies
Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.
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27 January 2025 | 18 replies
The seller can pay for it at closing (the title agent will cut the check to the trade to ensure there is no resulting lien) and provide proof of the replacement to the insurance provider.
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31 December 2024 | 20 replies
I believe if people make money and there is sufficient housing supply, housing will become affordable.
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9 January 2025 | 16 replies
you have most certainly come to the right place to sync up with other investors and learn more about their experiences and trade strategies.
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2 January 2025 | 1 reply
Day traders are not exempt unless they elect mark-to-market (MTM) accounting, which eliminates wash sale tracking but taxes gains as ordinary income.To manage taxes, track trades closely, avoid overlapping purchases, or consider MTM election if trading actively.
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9 January 2025 | 5 replies
I am no expert by any means but I thought I would drop my opinion here. 1) Should I focus on duplex since they're most likely less expensive in my area in category A or B properties, or aim for more units?
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14 January 2025 | 11 replies
I make no claim at being a tax lien expert, but most of the time anything that makes it to OTC is so picked over it is nothing you want or could get much if any value out of if you had to foreclose.