Colleen F.
Single to multi member LLC conversion done it? is it worth it?
19 April 2024 | 2 replies
We are seriously considering this to decrease inheritance tax as shares in a property are considered differently in RI for inheritance.
Douglas Skipworth
Do you track your net worth?
22 April 2024 | 39 replies
That may sound pretty good...until you discover that their net worth is decreasing at a rate of $2 million per year, and they've got $100 mil of adjustable rate debt on a portfolio of D class properties that forces them to work 80+ hours per week just to keep the whole thing afloat...Investor B tells you "my net worth is $1 mil" --to many successful investors, that sounds like a relatively insignificant net worth...but, investor B owns a portfolio of A class properties with zero debt, professionally managed, their cashflow is $500k per year, their net worth is increasing at a rate of $1 mil per year, and they only have to work about 1-2 hours per week to keep their machine going.Personally, I'd MUCH rather be investor B than investor A, even though investor A's net worth is 10x of investor B's.So yeah, tracking net worth is advisable, but it's only a small part of what an investor should be tracking and modeling, and net worth alone might not be very indicative of an investor's success.
Noah Condon
Starting a House Flipping Business
19 April 2024 | 16 replies
Take advantage of that.Hiring contractors will decrease the profits you would make if you had done those projects you were able to do yourself, but it will also shorten your holding time.
William Coet
Multifamily Prices so High that Only Cash Makes Sense, But Why Not Put Cash in CDs?
21 April 2024 | 47 replies
What we see problem with multifamily syndication is really a math problem rather than syndication problem.If spread is negative than the chance of investment poor result is obvious.It's similar like if you buy company stock at three year high, but their forward looking order is decreasing without new product.
Namal Burman
Real estate gain + W2
17 April 2024 | 5 replies
I would be very surprised if this was accurately done.That means you are cash-flow positive after depreciation of $1,666 per monthIf the return was filed, you may want to pay another accountant to look over the return to see that it was done correctly.Yes, buying another property, given today's condition of high prices and high interest rates would likely decrease your rental taxable income.
Robert Mendenhall
How to Analyze an Owner Occupied Duplex
18 April 2024 | 6 replies
If house hacking can decrease your monthly housing expense, then it can be very beneficial in the long run.
Joel Amparan
Advice on Dads VA Home Loan Assumption
17 April 2024 | 3 replies
The reason I am selling the Condo is to pay off some personal, and unexpected debts of about $18,000 to decrease my DTI to help me qualify for my Dads VA loan (they want to move to Texas), which is a 3BD 2BA single family home.
Amber Littlefield
Pay cash or finance
17 April 2024 | 10 replies
New construction decreases this cost dramatically.
Jake Smalley
(Please Read) - Creative structure required involving Trust and family sale
17 April 2024 | 3 replies
She will get each beneficiary to sign off on allowing this to happen, lessening their inheritance cash-wise but keeping the family in a home.My idea is that the trustee daughter could purchase the home, but could do so instead through a sort of owner-financing where the Trust finances the asset to her directly rather than buying it in full at great cost and taking out a mortgage on an already paid for property:- Property is in Trust and is fully paid off,- Trust finances the property to Trustee for closer to market value, and payment can still be set at 1500- No/less down payment required- Any interest rate, maybe 0- Tenant family makes rent payment of 1500, which pays off the property and pays into Trust- Beneficiaries' % share accrues gradually as payments are made- Set future balloon payment if necessary (if Balance required at a certain time, for college, etc.)This would decrease the out-of-pocket cost for the Trustee purchaser, and increase the amount that each beneficiary will receive (eventually).I have no Trust experience, though, and I'm hoping to hear from the experts.
Joe S.
Who is investing in their own physical health?
18 April 2024 | 141 replies
Supposedly that Mediterranean diet will help your brain health too.Only 20% of the US population smokes and that decreases as income goes up so I you probably won't see alot of smoking investors.