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6 February 2025 | 58 replies
You should have a chat with your accountant, if you had a loan on the property, you may need to buy a property for more than the cash you received to defer 100% of the gain.Best of luck
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23 January 2025 | 26 replies
This doesn't account for transaction costs and reduction in leverage as you pay down the mortgage which accounts for closer to 2-3% less, so you 12-18%.
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22 January 2025 | 7 replies
I have never approved a tenant without meeting them, if everything looks good on paper, income, accounts, backgrounds.
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16 January 2025 | 7 replies
I just set up my vrbo account and still some finer details about planning the communication, cleaning service, maintenance persons, etc…
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27 January 2025 | 11 replies
Proceeds to segregated account to be disbursed ONLY on rental property improvements and expenses to preserve the deductibility of interest on your Schedule E.
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14 January 2025 | 1 reply
I have a large lump sum saved in an investment account for down-payment and any additional costs.
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21 January 2025 | 4 replies
I know some people feel like they need to invest in a course to hold themselves accountable or feel like they are doing something.
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20 January 2025 | 31 replies
My accountant was lazy, not well informed and provided bad advice.
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14 January 2025 | 19 replies
However, I got caught up during creating my listing because it looked like I needed to have another account (Stripe?
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17 January 2025 | 3 replies
We use DealCheck to underwrite deals and QuickBooks Online for everything related to accounting and budgeting.