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25 February 2025 | 0 replies
If you own a business, now is the time to get ahead of key deadlines to avoid IRS penalties and maximize deductions.📅 March 2025 Tax Deadlines:✔️ March 17 – S-Corp (1120-S) & Partnership (1065) tax returns due (if not filing an extension).✔️ March 21 – BOI (Beneficial Ownership Information) Reporting Deadline – New requirement for many businesses.✔️ March 31 – Final deadline to correct & e-file 1099 forms before penalties increase.💰 Tax Deductions Business Owners Shouldn’t Overlook:🏠Home Office Deduction – If you use a part of your home exclusively and regularly for business, you can deduct a portion of rent, mortgage, utilities, and internet.
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29 January 2025 | 18 replies
@Trevor McCormick I would say that it is an okay market but is very saturated and alot of investors are having a tough time right now.
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23 January 2025 | 39 replies
I lost another $1000 in inspection fees but should get back $2000 earnest money deposit.
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18 February 2025 | 6 replies
I guess I was in analysis paralysis for a very long time.
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24 February 2025 | 5 replies
If the company would not write this policy this way, you may have an issue at claim time.Â
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25 February 2025 | 11 replies
If a tenant is cited three times, terminate their lease.
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18 February 2025 | 4 replies
Tackle your credit first.
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22 January 2025 | 10 replies
@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.
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24 February 2025 | 6 replies
Keep taking action and at the same time be patient :)Â
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20 February 2025 | 114 replies
Recently, this sponsor resumed paying distributions after pausing due to Covid-19.One of the sponsors, a first-time sponsor is selling now for a loss of about 30% of our original capital, after doing a capital call last year.When Covid-19 hit, one of the them had been in the months-long process of selling to a buyer who presumably offered the highest price but was unable to close and pulled out of the transaction.