Michael Plaks
DEBUNKED: EOY tax planning "tips and loopholes"
23 December 2024 | 12 replies
Yes, 401(k) plans, IRAs, SEP-IRAs and all other kinds of retirement plans are still the backbone of your wealth accumulation, especially if they are self-directed.
Albert Johnson
Can I charge tenant for clog drain
16 December 2024 | 9 replies
It's just hard to prove that the tenant caused the issue, since as time passes the drain tends to accumulates as well.
Hamidou Keita
Seeking Advice on House Hacking Strategy: Buying Single-Family Home to Build Duplex i
5 January 2025 | 24 replies
Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.
John Cooper
Difficult Tenant: Escalating Issues & Safety Concerns
25 December 2024 | 10 replies
I acknowledged his concerns but was unable to resolve the issue.Since the tenant moved in, I have experienced escalating issues with his behavior, including:Lease Violations:Moving items without permission (furniture, safe, carpet cleaner, TV from his room to another tenant's room).Accumulating boxes in the garage, potentially exceeding the agreed-upon storage space.Installing a security camera in the common living area, which is a direct violation of the lease agreement.Failure to submit a work order for alleged issues with the smart lock, as required by the lease agreement.Behavioral Issues:Aggressive and confrontational communication.Unfounded accusations and personal attacks.Refusal to communicate through agreed-upon channels.Loud and disruptive late-night behavior (banging on the door, kicking the door) due to alleged difficulties with the smart lock, often accompanied by profanity.Harassment of my son, the designated on-site property manager, by making disparaging remarks about me and refusing to cooperate with him.Potential for Neighborhood Disruption: The tenant's late-night outbursts have the potential to disturb neighbors, although no formal complaints have been received.Unreasonable Demands: The tenant unreasonably demands advance notice of my access to the property for storage purposes, despite the prior agreement and my right to access common areas and my own storage spaces.Safety Concerns:While the tenant has not directly threatened us, his actions, including the harassment of my son, have created a concerning and unsafe environment for my son and me.Goal:My ultimate goal at this point is to evict the tenant due to his ongoing lease violations, concerning behavior, the harassment of my son, and the potential for neighborhood disruption.Questions:1.
Mustafa Shaikh
RAD Diversified Review — It Wasn't Pretty
19 January 2025 | 147 replies
“‘Put your money where your mouth is,’” he recalled them saying.DHI Holdings, DHI Fund, and DDH Fund were formed in the mid-2010s, records show.RAD, which was established as a real estate investment trust, or REIT, in November 2019, is now in the process of using company stock to buy the real estate accumulated by those funds, according to the circular.About 20 properties bought by other Mendenhall-led funds in Philadelphia were listed in the document under an inventory of RAD’s real estate holdings as of June 30, 2021.
Tyler Kesling
Funding Your First Deal
7 January 2025 | 16 replies
So in 3 years if you bought a $150,000 house, you would likely have accumulated $12,000 -$20,000 in equity on your $30,000 initial investment - not to mention your tenant paying down your mortgage, plus some really awesome tax advantages (3.3% depreciation, etc.), plus hopefully some cash flow!
Ryan Williams
Pay off Primary or Buy Rentals?
18 December 2024 | 23 replies
I wish I hadn’t because I didn’t understand the necessary “accumulation phase” of REI and wealth building.
Harsha G.
Private Lending - Passive Losses on Schedule E
11 December 2024 | 7 replies
.: Hi All,Is there any way to structure a private lending arrangement so that income is considered passive (by IRS standards) and can offset accumulated schedule E losses?
John Postma
A couple deals under my belt, but at a stand-still and need a coach/advisor.
13 December 2024 | 32 replies
I've been watching Chad Carson's videos and his approach of accumulating more properties than you need, then start using that income to pay off mortgages and cull the lower performing properties makes sense to me.
Ben Johnson
Rental Income only - HELOC (accessing equity in hard times) HELP!
15 December 2024 | 12 replies
I'm a struggling startup owner that has accumulated 300k in credit card debt at an average APR of 21%.