Keith Richardson
Should I open an LLC for each property?
24 December 2024 | 9 replies
This will work for ordinary losses, but not from negligence or unlawful activity.
Bao Vu
Question regarding Tax on a Flip
12 December 2024 | 10 replies
You're in the business of flipping houses, so any self-employment taxes on the ordinary income most likely aren't being calculated in QB.
Damon Albers
tenants breaking leases and excessive damage make it hard to be profitable
5 January 2025 | 39 replies
@Damon AlbersSounds like these properties are in a class c area and your manager is not doing a good job vetting themBut this is not out of ordinary for c class rentals which is why people look at cash flow and be like wow but one $5000 bill can wipe out 4-6 months of rental income and properties never make money and rarely appreciateThis is why we do not do lower class rentals as stated cash flow vs reality are typically not close
Jewell Arceneaux
BRRRR- My first home investment
11 December 2024 | 6 replies
Aside from that the biggest value add areas I see are as follows: Kitchens, Bathrooms, decks/patios (if added), additional rooms/bathsKitchens and bathrooms tend to be the go-to, but all of those can help you get the most bang for your buck. just keep in mind that if the area is already of high quality, then it may not be the best area to spend the money vs something that is blaringly in need of an update.
Henry Clark
Belize Teak Plantation
4 January 2025 | 67 replies
Our family had a summer home that had an open metal roof over part of the patio, and when it rained everyone was uncomfortable with the noise level.
Mike Johnson
What to expect in Property Management
16 December 2024 | 9 replies
Maybe you don't know how to differentiate between ordinary maintenance and tenant neglect/abuse?
Desiree Doubrox
Coworking/Coliving conversion, Golden Hill, San Diego, California.
10 December 2024 | 4 replies
We converted the attic to a coworking space with a community kitchen, front and back outdoor patio and gathering spaces.This is where you can...
Steve Englehart
Cashing out IRA to buy rental properties.
3 January 2025 | 45 replies
Traditional IRA withdrawals are taxed as ordinary income, with a 10% penalty if under 59½, potentially pushing you into a higher tax bracket.
Mustafa Shaikh
RAD Diversified Review — It Wasn't Pretty
19 January 2025 | 147 replies
“It’s just an entire ripple effect.”Not your ordinary REITDuring the Way of the Renaissance Man podcast interview, Mendenhall told host Woods that he came to real estate after an early career coaching college baseball, a grueling vocation that he said left him feeling burnt out.Mendenhall did his coaching at the University of San Francisco, according to his biography on RAD’s website.
John Underwood
Why an LLC may not protect you from a Lawsuit
19 December 2024 | 50 replies
Their most significant risk is an injury lawsuit that will either be dismissed or settled out of court by their insurance provider for well below the liability limits.If a mom-and-pop investor obeys the law and treats their tenants honestly, they'll never have to worry about asset protection beyond ordinary insurance and a small reserve.