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8 February 2025 | 6 replies
For most people a house hack is a great start.
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8 February 2025 | 42 replies
At the end of the day we can screen our tenants all we want, but cannot control what people do.
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10 February 2025 | 9 replies
We work with people in your shoes all the time.
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4 February 2025 | 3 replies
You should have an open conversation with as many people as you can find.
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14 February 2025 | 5 replies
I'm sure a lot of other people would in this group as well!
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27 February 2025 | 6 replies
Hopefully someone with tax accounting knowledge can jump in here with more detailed analysis, but I looked at this a bit several years ago...1) You still have to pay the depreciation recapture on the sale decreasing the net benefit of this approach due to the large tax payment in the 'sale' year2) The LLC would need to not be a passthrough entity so that it can be taxed separately from you, so you have to add another tax return cost for the years going ahead3) Taxing it separately from you likely means corporate status and corp. taxation rates which are higher than yours and I've heard many times over the years to avoid titling real property as a corp...Overall from what I've seen this only makes sense in a select few scenarios, which for most people aren't in play.
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7 February 2025 | 2 replies
I've seen a lot of people mentioning reading books and soaking up knowledge to start.
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16 February 2025 | 71 replies
Also, I think you need to have an accredited investor status before you can invest, so that may explain why you don't have as many people talking about it.
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5 February 2025 | 2 replies
I'm reaching deep into my psychic thoughts… I see it… A majority of people who respond to this post will be real estate brokers… I can see it!
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21 February 2025 | 12 replies
Cleaning costs have gone up in the past 5 years, because covid made people realize they don't want to do a hard physical job for peanuts anymore.