Steve Englehart
Cashing out IRA to buy rental properties.
29 January 2025 | 47 replies
Whether you should take a retirement distribution or not depends on several factors1) How much do you value the freedom/flexibility to ues the money NOW compared to when you are 60 years old.2) What type of return can you get having cash vs investing in an IRA / SDIRA.If you can make a 1% - 2% better annual return in your personal name, it may make sense as the added return will pay for the penalties over a couple of years.I personally cashed out of my retirement account back in 2016 and it was the best decision I made.
Eric Andersen
Looking for help with Dallas/Fort Worth (DFW) short term rental market
11 January 2025 | 11 replies
I also just requested to join a couple fb groups realted to STRs in DFW.
Ana Escudero
Insurance Broker in Boston for Multifamily property
3 January 2025 | 4 replies
I've experienced the same with my properties over the past couple of years.
Divya Sosa
Tenant lied on rental application regarding criminal history
6 January 2025 | 13 replies
Within a couple of days, our neighbor said that they smelled weed from the backyard.
Jared Galde
Hey! I'm Jared. My life is about Sober Living Home Investing
9 January 2025 | 10 replies
@Jared Galde we actually have a couple of units in the Midwest and are looking to add several more.
Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
19 January 2025 | 42 replies
In Missouri, a married couple jointly owning LLCs is generally required to file partnership returns for each LLC, necessitating Form 1065 at the federal level and Form MO-1065 for the state.However, the IRS offers a Qualified Joint Venture (QJV) election for married couples, allowing them to avoid partnership classification by treating the business as a joint sole proprietorship.
Matt Wan
Can I buy a property without being physically present for any part?
17 January 2025 | 16 replies
That's why we require clients to spend a couple days with us in Milwaukee up front, so we can get on the same page and determine an asset quality.Hint: the hood looks much better on a spreadsheet than up close in person.
Michael Benanti
DealCheck app? Good or bad?
2 January 2025 | 32 replies
@Michael Benanti I have it and have used it for analysis but I prefer the BP calculators.
Mel Kirchhoff
STR transitioning into furnished LTR options - Advice needed!
6 January 2025 | 9 replies
My preference is to prioritize longer bookings and STR in the gaps.
Steven Catudal
Increase in property taxes
4 January 2025 | 11 replies
I am not sure where exactly this property is, but this is an example of why I prefer B class neighborhoods or better when looking for rental properties.