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17 January 2025 | 23 replies
Whether that's through the application/leasing process to communicating with owners and vendors in a timely manner to address anything related to the property.
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12 January 2025 | 1 reply
I have a relative who owns and lives in a dome and she really loves it.
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12 January 2025 | 2 replies
I'd like to take a deeper dive into subject to, wraps and other related things to educate myself and see whether some of these might be things I can actually utilize in my real estate journey.
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3 February 2025 | 27 replies
Managing a rental yourself can be time-consuming, especially if you're handling maintenance, tenant relations, and lease enforcement.
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27 January 2025 | 9 replies
If she lives rent-free, you retain control of the property but lose the ability to claim rental-related deductions.For long-term planning, consult a CPA and attorney to ensure compliance with tax rules and align ownership structure with your goals, including potential conversion to a rental or estate planning considerations.
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10 January 2025 | 16 replies
This travel expense is not a business expense related to the property you already own until you have identified the next property you want to buy (once identified, costs are added to the basis mentioned above).
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14 January 2025 | 19 replies
I'm a guy approaching middle-age, living in Chicago.
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1 February 2025 | 51 replies
So honestly, we have a lot to learn about RE and everything Tax related for it.
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18 January 2025 | 13 replies
It appears to be a means to an end and the path of least resistance (somewhat related to number 1).
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9 January 2025 | 10 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.