Travis Tamillo
Active duty turned Realtor
11 January 2025 | 13 replies
I manage my own portfolio and have worked as a PM for a very successful individual but have never considered managing other peoples properties.
Rene Hosman
Have you ever moved your HSA to get better investment options?
13 January 2025 | 8 replies
I haven't seen a lot of discussion about this topic which surprises me since I feel like personal finance people talk about HSAs all the time!
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
Seidy Lasker
Wash Sale Rules for Options
2 January 2025 | 1 reply
Day traders are not exempt unless they elect mark-to-market (MTM) accounting, which eliminates wash sale tracking but taxes gains as ordinary income.To manage taxes, track trades closely, avoid overlapping purchases, or consider MTM election if trading actively.
Jaedon Stout
Looking for Real Estate Investment Strategies Using Funding
13 January 2025 | 5 replies
I help people get funding (mostly through Chase) with good terms like 0% interest for the first year.
William Nast
Las Vegas Padshare
4 January 2025 | 0 replies
When I was 22 I had to move from my home town to Las Vegas in pursuit of HVAC trade school.
Rene Hosman
How do you keep yourself accountable to your goals?
13 January 2025 | 5 replies
I think other people seeing makes me feel accountable to post along with having it written out.
Stephen Fleming
Newbie Plan. Thoughts?
14 January 2025 | 9 replies
If you wanted to do a 1031 exchange down the road to use that equity and trade up then that'd be a good idea.The homes I’m looking at buying are in the 330,000-350,000 range.
Chris Kay
How Far Does $50k Go for Rehab?
14 January 2025 | 13 replies
You'll learn what contractors are good at such repairs, and eventually people will start bringing you "problem properties" with that issue.Another related idea: contact a good local realtor and ask them if they know of any on or off market properties that would be a hard sell for most buyers.
Janine Sharma
1099 or W2 for onsite MHP property manager?
12 January 2025 | 7 replies
I am no expert and just do what I am told.