Henry Clark
Self Storage- Another one bites the dust, Camera systems
26 March 2024 | 2 replies
Have notified all tenants its $100 for me to pick up a bubble gum wrapper.
Kim LeJeune
Tax Advice for a "Lease Option".
23 March 2024 | 8 replies
It's premature to make that conclusion.
Mary Jay
Question about lowering the rent
15 March 2024 | 20 replies
I had my handyman do it for 15K and now rented at a higher rate....Another property in Florida, the tenant left such a mess in the house (gum in the carpet, drawing on the walls, etc), and the property management Company (I think their name is Watson) wanted to fully refund the tenant their security deposit!
J Scott
J Scott - Author of Flipping/Estimating Book - Ask Me Anything!
19 March 2024 | 323 replies
Hi Scott,My husband and I would like to do our first flipping in the Phoenix - Scottsdale area.We are extremely new to this business so here is what we would like to start with :Buying with our own money a condo/small house of about $100.000, remodeling it, and sell it after 3 month more or less, or after whatever time will take to rehab the house.My husband is form Uruguay (South America) and his family own lands an real estate property down there and he used to manage those, meaning that he’s extremely and exquisitely handy so I’m premature sure he can do the work himself with a few people helping.The main goal of this operation would be get some experience in this business, without big risks, even if we won’t gain a lot of money it doesn’t really matter but not loosing obviously !
Ryan Schuler
HVAC system decision
26 February 2024 | 17 replies
Is there the occasional premature part failure, of course, but even Mercedes has recalls from time to time, no manufacturer does the QC on electrical components they use.
Radhika Kapur
Property Management negligence leads to $100k in damages, what are my options?
26 February 2024 | 29 replies
Many people are rushing to legal remedies and that's a bit premature and could only increase your losses.
Alex Kosley
Paying off debt vs. investing in LTR - Thoughts?
25 February 2024 | 28 replies
That's the point where you walk and chew gum at the same time (invest and/or pay down debt at your discretion).Lastly, remember that personal finance is as much dopamine, cortisol, and serotonin as it is ROI and calculation.
Engelo Rumora
WTF is wrong with this investor?
26 February 2024 | 32 replies
Don't move away from the grill and flip the patty every 90 seconds"lolMy fire in the belly is always burning mate.I can take the hit's and happily turn the other cheek and say "Do this side now".As biz owners we get paid the big $$$ to take the hits, so it comes with the job.Just happy to share some behind the scenes mumbo jumbo that we put up with.I got Dingo Deals falling out of gum trees hahaHappy Saturday Margarita Day (Was 2 days ago but who's counting hehe)
Nicholas Aiola
Ask me (a CPA) anything about taxes relating to real estate
27 February 2024 | 2053 replies
If you withdraw earnings prematurely, though, you will pay tax on the amount of earnings plus a 10% penalty.If you withdraw prematurely from a traditional IRA, you will have to pay tax plus a 10% penalty on the full amount withdrawn, assuming your previous contributions we're all deductible.You can rollover an existing IRA to a self-directed IRA, but it's almost never a good idea to invest in buy & hold rental properties in an SDIRA.
Phil Sharp
Buy-and-hold philosophies: Cash flow vs Appreciation
21 February 2024 | 94 replies
I left the company a few years later and they offered me a 50% raise if I stayed.Thinking back, maybe being pissed at Pace U was a little premature.