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27 January 2025 | 17 replies
You may be able to see if a retailer still sells the 2024 version.If you can't get the one time purchase, you would need to see if the cost is beneficial.For real estate - Quickbooks desktop > Quickbooks online because you can set up multiple entities within quickbooks desktop and not pay an additional cost per entity that Quickbooks online would charge you.Best of luck!
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22 January 2025 | 21 replies
Keep in mind that strict rules apply, such as avoiding self-dealing, prohibited transactions, and personally benefiting from the property.If you’re not looking to involve your IRA directly in the property purchase, you could explore other creative financing strategies outside of your retirement account.
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20 January 2025 | 1 reply
The only time we need additional information is if they are denied.Once accepted, we tell them exactly what we need from them to move in.
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3 February 2025 | 1 reply
Sounds like you put in a ton of work to maximize the value, and that basement addition was a smart move.I noticed you mentioned the NYC luxury tax and some of the rental pricing challenges—have you considered expanding your portfolio in markets where you don’t have to deal with those kinds of headaches?
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21 January 2025 | 0 replies
Additionally, another neighbor who owns an adjacent parcel has expressed interest in joining the project, contributing their land to the development as well.I believe this could be a great opportunity for all of us, especially as a unique retirement plan for my family and my neighbors.
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13 January 2025 | 2 replies
How much weight do you give to the cash flow benefit of cheap debt when the property is priced above market?
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6 February 2025 | 11 replies
Additionally, I know the Waivo product for STR covers intentional and accidental damages.
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22 January 2025 | 11 replies
I am using the tax benefit along with the principal pay down and appreciation to offset.
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16 January 2025 | 0 replies
Having time to do the work was the biggest benefit.
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22 January 2025 | 8 replies
Half would be business, other half the primary benefit.