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27 January 2025 | 12 replies
A lot of the popular markets have maps created showing class but I'd take caution using them.
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23 January 2025 | 52 replies
They want what they want when they want it, etiquette and rules be damned.
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11 February 2025 | 13 replies
Your goal is to plant the idea in their mind and create a situation where selling to you feels like the easiest and most logical solution for them.If you haven’t already, the first step is to get pre-approved for a mortgage so you know what you could afford if you were to purchase the property conventionally.
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8 February 2025 | 6 replies
However, Allstate is capping their landlord insurance at $750,000, which creates a coverage gap I need to address.I’m looking for options to add at least an additional $750,000 in coverage and am wondering if anyone has experience with Difference in Conditions (DIC) coverage or Excess and Surplus policies.
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15 February 2025 | 17 replies
I am an agent and own a short term rental mgmnt company so am very familiar with the STR rules and regulations as well as the best areas for that strategy locally.
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12 January 2025 | 1 reply
I’m not sure all of the regulations/rules to this in PA though.
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18 February 2025 | 9 replies
However, you can reduce tax liability by:Converting the flip into a rental for at least a year, allowing for depreciation and potential 1031 exchange benefits when selling.Offsetting gains with deductions, such as accelerating business expenses or using cost segregation for rentals.Using an S-Corp for future flips to lower self-employment taxes while keeping rentals in an LLC for liability protection.Deferring deductions to 2025 if your 2024 taxable income is high.While a 1031 exchange isn’t an option for flips, strategic tax planning can help minimize taxes.This post does not create a CPA-Client relationship.
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9 February 2025 | 3 replies
Not all PMs are created equally.
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5 February 2025 | 0 replies
We had to replace 90% of the electrical, created an open concept, primarily all new drywall, new boiler, new roof, etc.
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19 January 2025 | 42 replies
Proc. 2002-69, 2002-2 C.B. 831, for special rules applicable to husband and wife state law entities in community property states.