Alberto Solis
DST 1031 Exchanges seem primed for Sponsor success while minimizing Investor security
22 August 2024 | 16 replies
I have not found any unbiased data to show that DST's are safe and more advantageous than cashing out by paying the capital gains.
Michael Ruvido
Expense or Capital Improvement?
20 August 2024 | 4 replies
Total cost is $3,200.I know the De Minimus safe harbor rule allows you to deduct anything under $2,500 and that anything over this amount, if considered a capital improvement, would need to be capitalized and depreciated over a certain period of time (the life expectancy of the improvement).
Cheryl Daniels
Positive lead Dust Test
21 August 2024 | 1 reply
For a Lead Safe certificate (which shows that lead dust levels are within tolerances and has to be re-done periodically, as opposed to Lead Free, which shows that there isn't any lead to worry about and doesn't have to be renewed) almost all scenarios can be remediated by cleaning or repainting (followed by cleaning, of course).
Malieka Henry
Mid term Rentals
22 August 2024 | 29 replies
I also included a SWOT analysis for MTR in Las Vegas.Profitability Depends On…Mid-term rental profitability depends on four factors:Keeping the property filledThe ability to charge significantly more for furnished housingActive support of tenants, so we get good reviews.The right renovation components to keep maintenance and turn cost low.Success FactorsI believe the following are key success factors:Location - Not just near hospitals, MTRs must be in a safe and attractivelocation, with direct access to freeways, retail, and entertainment.Appearance - The property must be attractive, clean, and a good placeto live.
Candice Cervantes
Duplex as a primary residence
21 August 2024 | 7 replies
It's always a good idea to have a clear strategy for lease renewals—I usually recommend a 90-day notice to stay on the safe side, though you have a bit more leeway outside of Portland.Feel free to reach out if you want to chat about more options or if you have any other questions!
David Chance
Selling my rentals - Tax ramifications
21 August 2024 | 18 replies
(I have five rentals).Thanks depends on if you can generate capital losses safely in the year your taking the gain.
Mary Burns
1031 exchange with related party
21 August 2024 | 7 replies
If you pay the average of those 2 I think you would be safe.
Dalton Smith
Ask a General Contractor (me) anything!
25 August 2024 | 61 replies
I guess I would say a safe bet would be to use the hard money lenders numbers for a base line to judge houses by.
Mariah Monson
Living here, what to say to Tenant
20 August 2024 | 7 replies
From a practical standpoint, add an umbrella policy to cover liability in case you get sued just to be safe. 5.
Debbie Palmer
Can a primary residence be rented out during work trips for STR?
21 August 2024 | 15 replies
I once stayed in a property like that and while we felt safe, it was weird!