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21 October 2024 | 10 replies
Quote from @Jasper K Juhl: Hey @Raheem Mcmillan, welcome to the real estate journey!
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20 October 2024 | 84 replies
Quote from @Edward Heavrin: Quote from @Steve K.: If you're cash flowing positively, gaining natural appreciation, your interest rate is reasonable and your tenants are paying down your debt I don't see why you would want to make extra payments, personally, unless maybe you're ready to retire and need the extra monthly income to cover your living expenses, or you're worried about hitting a rough patch and not being able to make the payments.
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16 October 2024 | 9 replies
Is it customary that they have their process displayed online or in a pricing guide so I can shop around?
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17 October 2024 | 3 replies
It does have a new roof.Zillo shows it at $474 K and they mentioned asking $420.
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19 October 2024 | 25 replies
Quote from @Steve K.: All of the builders I know could build a lot more homes if:1.
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17 October 2024 | 1 reply
I look at it through the lens of: 1) If I contribute to a pre-tax account like a pre-tax 401k, Traditional IRA, SEP IRA, I get a tax deduction, but now I'm in a partnership with the IRS, but I don't know what I will have to pay them later on in life when I start pulling money out (that is because when you distribute you pay taxes based on your effective tax rate at that time, which can be unknown). 2) With Roth accounts, (Roth IRA/Solo 401k(k) with Roth component), I can get the taxes out of the way on the seed, so I don't have to pay on the crop.
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15 October 2024 | 21 replies
Quote from @Kristi K.: We are in the process of getting another DSCR loan.
12 October 2024 | 2 replies
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14 October 2024 | 4 replies
Is there even any benefit to that if all the activity is line 2 rental re income/loss on the K-1?