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22 August 2024 | 16 replies
I have not found any unbiased data to show that DST's are safe and more advantageous than cashing out by paying the capital gains.
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21 August 2024 | 1 reply
For a Lead Safe certificate (which shows that lead dust levels are within tolerances and has to be re-done periodically, as opposed to Lead Free, which shows that there isn't any lead to worry about and doesn't have to be renewed) almost all scenarios can be remediated by cleaning or repainting (followed by cleaning, of course).
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20 August 2024 | 4 replies
Total cost is $3,200.I know the De Minimus safe harbor rule allows you to deduct anything under $2,500 and that anything over this amount, if considered a capital improvement, would need to be capitalized and depreciated over a certain period of time (the life expectancy of the improvement).
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22 August 2024 | 29 replies
I also included a SWOT analysis for MTR in Las Vegas.Profitability Depends On…Mid-term rental profitability depends on four factors:Keeping the property filledThe ability to charge significantly more for furnished housingActive support of tenants, so we get good reviews.The right renovation components to keep maintenance and turn cost low.Success FactorsI believe the following are key success factors:Location - Not just near hospitals, MTRs must be in a safe and attractivelocation, with direct access to freeways, retail, and entertainment.Appearance - The property must be attractive, clean, and a good placeto live.
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21 August 2024 | 7 replies
It's always a good idea to have a clear strategy for lease renewals—I usually recommend a 90-day notice to stay on the safe side, though you have a bit more leeway outside of Portland.Feel free to reach out if you want to chat about more options or if you have any other questions!
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21 August 2024 | 18 replies
(I have five rentals).Thanks depends on if you can generate capital losses safely in the year your taking the gain.
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25 August 2024 | 61 replies
I guess I would say a safe bet would be to use the hard money lenders numbers for a base line to judge houses by.
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21 August 2024 | 7 replies
If you pay the average of those 2 I think you would be safe.
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20 August 2024 | 7 replies
From a practical standpoint, add an umbrella policy to cover liability in case you get sued just to be safe. 5.
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18 August 2024 | 4 replies
One final tip is to store the Notebook files on your OneDrive and make them accessible and synced across devices while still keeping them private.