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23 December 2024 | 10 replies
To thrive in real estate investing, you must maintain a firm grip on your finances.
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17 December 2024 | 1 reply
Removing a lien is challenging because you need the person who placed the lien to sign off to remove it.
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16 December 2024 | 5 replies
One thing to remember is that while BP is amazing, it is a business owned by a VC firm.
18 December 2024 | 2 replies
Built in the last 50 years but before 1990.Currently rented for <$7000 gross but could likely be raised to >$8000.Expenses are as follows:Taxes - $13,000/Yr or ~$1083/MoInsurance - $3100/Yr or ~$260/MoMaintenance, Repairs, Vacancy, Trash Removal - ~$1000/Mo.Now, seller wants 850k & 10% down, interest TBD.
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24 December 2024 | 6 replies
Here is a fresh example, and it actually came from another tax firm (not mine) specializing in real estate.Let me briefly tell you why I crossed out their pitch:Strategy 1: depends on your 2025 projected net income vs your 2024 net income, among many other factorsStrategy 2: can backfire amidst the uncertainty of future tax rules regarding bonus depreciation, and also ignores alternativesStrategy 3: no rush to do it before December 31stIf you decide to continue reading, I will give you a high-level overview of the most common EOY tax strategies, obviously without an actual discussion of each one.
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18 December 2024 | 2 replies
Whoever they are dealing with also dropped the ball and the buyers are full of something-everything was in writing and if they signed off removing the financing clause, they are on the hook to buy.
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19 December 2024 | 3 replies
To thrive in real estate investing, you must maintain a firm grip on your finances.
20 December 2024 | 4 replies
If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.
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25 December 2024 | 22 replies
The guest rules state no partying and it is abundantly clear our houses are in neighborhoods with full time residents they will be caught and they will be removed without refund.