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13 January 2025 | 30 replies
Got so crowded that we ask people to form a line outside which finally stretched to 15 to 20 people.
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9 January 2025 | 18 replies
The bottom line is this: Concealment is not asset protection, proper (time consuming and expensive, I know) management, and good, prudent, practices (ditto), WHICH ARE ADHERED TO, and insurance (expensive), are needed for asset protection.
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9 January 2025 | 32 replies
Quote from @Bob Dole: All,Apologies for the newb question, but I just heard about cost segregation and have been reading up about it online.My understanding is this (and please correct me where I'm wrong):Pros: -accelerate depreciation, front load (vs. just a straight line over 39 years) -save money on taxes because of the depreciationCons: -if I sell the property, the recapture will be larger -not recommended if you flip propertiesSo hypothetical situation:-Majority of our income is W2 based, let's say it's $500k-Net income from commercial rental is $100k-Income from dividends and interests is $100k-Both of us are full time W2, so non-prof real estate (but this can change -- please see below)So we're hypothetically grossing $700k a year.
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4 January 2025 | 3 replies
I'm wondering how much specifics I need to include for each line item.
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12 January 2025 | 25 replies
I flew there and walked the house, looked pretty turnkey rental grade): $1029 GFCI outlets, downspouts and guards, drywall, paint, bathroom vent$4615 (new AC unit since unit was stolen before tenant moved in, didn't file insurance claim because didn't want my premium to go up) $600 (water line, gas line, P trap)$60 lawn mowing$112 thermostat repairMy opinion is that Class C is better for local investors who are on site and know how to do repairs and self manage.
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4 January 2025 | 1 reply
I have 8 buildings with possibly 9 lines that I would like to get a package deal on sewer scopes of all the lines.
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12 January 2025 | 12 replies
Depending on your credit score in the US and credit trade line history, you could put as low as 25% down.
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6 January 2025 | 11 replies
I did approach them about a year ago about getting $25k credit line per property, and the response I got was basically no.
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6 January 2025 | 8 replies
I bet you could make little to no money in 20 hours a week.
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4 January 2025 | 9 replies
Quote from @Alan Mills: Got an inspection objection back with something I’ve not seen on my other rehab’s (this is a Colorado property):“The seller agrees to have a licensed plumber install external sewer cleanouts per city code and scope the sewer line ensuring its integrity.”This was a full interior/gut rehab and almost everything is brand new.