
25 June 2024 | 18 replies
Based off a quick rental search I can see that the property needs some more work to get rent ready.

24 June 2024 | 5 replies
Hey Kev, Id strongly recommends having a real estate focused accountant take a look at your situation.

26 June 2024 | 15 replies
Just as crucial as the property upgrades is understanding which improvements to make based on your exit strategy and target demographic.

25 June 2024 | 17 replies
I've discovered that their associates are based internationally, and the phone number they provided (310) is a fake Skype number.

25 June 2024 | 6 replies
I’m looking to have a mtr in the central Florida area, but I was wondering if it’s better to classify it as a long term rental to avoid all the str laws or will this get me into any trouble based on their rulings as to what differentiates a str vs ltr ?

25 June 2024 | 2 replies
However, when you sell the individual condo units, capital gains tax will be triggered on the gains attributable to those sales.Allocation of Basis: The original purchase price and any improvements made should be allocated among the individual condo units to determine the basis for each unit.Gains Calculation: When selling a unit, the gain is calculated based on the difference between the allocated basis and the sale price of that unit.Partial 1031 Exchange: You may be able to use another 1031 exchange to defer gains on the sale of individual units if you reinvest the proceeds into other like-kind properties.

25 June 2024 | 8 replies
The Section 121 Exclusion helps you avoid capital gains taxes.The IRS classification of income as a "Flip" for Real Estate Dealers is based on a few key factors including "frequency" and "intent".

25 June 2024 | 14 replies
If you are going solely based off price, I would go with mojo dialer.
25 June 2024 | 4 replies
Lenders will qualify you based on the rents covering both the 1st and 2nd mortgage payment

27 June 2024 | 47 replies
I know of several 10-20unit in the Cleveland area that offer great cash flow and a good tenant base.