Saurabh Kukreja
Exploring Michigan Area
5 October 2024 | 1 reply
@Saurabh Kukreja we don't recommend investing via zip codes - too broad of an area.We've mapped out all of Metro Detroit and categorized Cities & Neighborhoods by Class A, B, C, & D.We take assisting investors very seriously, just read below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
Lexie R.
New to Landlording and Perplexed
10 October 2024 | 24 replies
We put a coded lockbox on the door so they can always get in.
Patricia Andriolo-Bull
So now VRBO tells us when and how to communicate?
8 October 2024 | 22 replies
(For example, explain in your listing description or a message to the guest that you will email a door code at 9 AM EST on the day of check-in.)Vrbo’s actionsIf a guest contacts us within 72 hours of their check-in time because you didn’t provide information critical to their stay, we may take the following actions:Depending on the issue, we will either provide the necessary information or contact you for a resolution so the guest can proceed with their stay.If we’re unable to resolve the issue or reach you, we’ll cancel the booking, refund the guest, and help the guest find somewhere else to stay.
Solomon Nguyen
Saved $80K by 21 – Seeking Advice on What’s Next
4 October 2024 | 27 replies
I can live happily with just a bed, food, and my laptop!
Seth Mattox
Seeking Advice: Remote Management of 30 Properties—Is It Feasible?
8 October 2024 | 12 replies
. - Accounting, not mentioned, but make sure you can confidently run the trust accounting and security deposit which is compliant with state code. - VAs, I don't think this is necessary for 30 doors, but depends on how much availability you have and how time consuming these properties will be.
Osvaldo Guerra
Best/safest cities for house hacking.
4 October 2024 | 13 replies
Do you mind sending me some zip codes in Chicago for A neighborhoods?
Rick Albert
Section 8 Experiences: Who wants to chat over coffee?
4 October 2024 | 2 replies
Many times these citations will align with the municipal codes, but sometimes they do not.
Devan Dorzok
beginner mistakes to avoid
6 October 2024 | 36 replies
.- Inspectors: definitely make sure everything is to code.
Chida Truong
Pace Morby Mentorship
14 October 2024 | 420 replies
IF anyone has the link for that training and the discount code, let me know please.
Melanie Baldridge
What happens to your RE portfolio when you pass away?
4 October 2024 | 5 replies
The current tax code provides special benefits in this situation.When the original owner passes away, the "basis" of the assets resets to the market value at the date of death.In the US, there is currently an estate tax exemption of approximately $13 million per person, which allows the basis to reset, and depreciation can start anew.This “step-up in basis” is particularly useful if the next generation wants to sell the asset.Since their basis is set at market value, if the property is sold at that value either at the date of death or within six months, there is no capital gain and no taxable event.There have been many examples where portfolios of fully depreciated real estate worth tens of millions of dollars have been passed down from one generation to the next, resulting in little to no tax liabilities for their heirs.Pretty cool, right?