Daniel Chen
Section 179 Question for rental business
4 January 2025 | 11 replies
I'm not sure if we can like to articles on our own websites here, so to be safe I'll just suggest the IRS web page, which does do a pretty good job of explaining the basics: https://www.irs.gov/taxtopics/tc510The main thing to know if you're going to claim business miles is that you do need to keep a log of every business trip.
Steve K.
Anyone Else Fed Up With Loan Servicing Companies?
8 January 2025 | 33 replies
They have other nice benefits also such as not charging for appraisals if the deal doesn’t close, a great reputation amongst local listing agents with meeting deadlines/ great customer service/ getting the job done with no b.s. and they can often close in under 14 days.
Benjamin Jones
Is anyone investing in Japan?
25 January 2025 | 24 replies
Hi Benjamin, I’m in japan and doing real estate investing here for about 8 years in different styles besides my full time job.
Luis Cerwin
How long should I give my PM to Rent a Unit before changing PM?
20 January 2025 | 14 replies
I am now working with Logical Property Management and they have done a great job thus far.
Polat Caglayan
invest in detroit
8 January 2025 | 5 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Owen Reeter
At what point in real estate do you really become financially free?
6 January 2025 | 2 replies
I was specifically interested in his 2nd plan which was "Building wealth through single-family homes" where he basically says you save enough to buy your first property along with enough for other fees and then you just keep saving the money you make from that property along with some money you save from your job and once you have enough money you buy your next property and then you basically just keep repeating that until you have your desired amount of properties.
Ezra Avery
Hello & Thank You
7 January 2025 | 5 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Will Almand
Multi Family Investing Cons
18 December 2024 | 4 replies
And I occasionally get one tenant complaining about their neighbor.
Levi Cartwright
Looking to buy first rental!
6 January 2025 | 7 replies
Strong job growth, low unemployment rate, and strong population growth.
Don Konipol
A Tax Lien Warning Story
21 January 2025 | 6 replies
It's 5 years into payments and going strong. ya suing on land lock is not a given right and is not always successful good job selling to neighbor.I also have one.. bought house at foreclosure..