Greta Andrews
Cash Value Life Insurance VS Self Directed IRA
2 October 2024 | 24 replies
With cash value life insurance whatever is left after paying salesperson's commissions is earning a nominal return, you don't have the ability to invest these funds (unless you take a loan from the policy, think of this, you have to borrow your own money and pay interest to the insurance company on the loan!
Yi Chu
Roth IRA vs. Cash: Tax Benefits & Depreciation on Multifamily Investments
25 September 2024 | 8 replies
Using a Roth IRA for multifamily investments offers tax-free growth, but you lose the ability to claim depreciation deductions
Joyce Kim
Personal financial hardship - HELOC vs Home Equity Loan?
25 September 2024 | 12 replies
Until now, I had a great credit score, but I'm concerned that my increased debt might affect my ability to obtain a HELOC or a Home Equity Loan.A lender approached me, claiming they could help me secure a HELOC, but the encounter felt coincidental, making me feel vulnerable.
Alex Boulger
Selling Rental with 2 Out of 5 Year Rule
25 September 2024 | 14 replies
Your brother-in-law’s 10% ownership won’t affect your ability to claim this exclusion on your portion.Unfortunately, the option to roll proceeds into another property (like a 1031 exchange) only applies to investment properties, not personal residences.You’re likely eligible for the exclusion, but I recommend confirming with a Tennessee tax professional for any specific state tax issues and to verify your status with overseas residency.Let me know if you need more guidance on this or related financing!
Ken Chud
Tenant Quality Deterioration
25 September 2024 | 4 replies
However, the Renters' Rights and Stabilization Act of 2024 now caps security deposits in Maryland at one month's rent in most cases, limiting landlords' ability to require higher deposits for higher-risk tenants.
Mike Wells
Best Rental Software for Landlord with less than 10 properties Zilloe? Doorloop?
27 September 2024 | 10 replies
I started doing a little research and saw that Doorloop was a highly rated app, and has a ton of features like tenants ability to submit work orders for issues, collect rent with late payments automatically figured in upon payment, talk back and forth with your tenants, send out messages/notices to one or all tenants at once, sync with quickbooks, etc.
Kevin Kim
Problematic Tenant Wouldn't Leave After lease is over - Section 8
25 September 2024 | 3 replies
If she violates your notice and refuses to leave, I believe she will lose her voucher and her ability to afford another rental.
Nirav Patel
Site visit for the syndication?
25 September 2024 | 6 replies
Thank you,Nirav Since you already pulled the trigger...and are a limited partner...this means you have the benefits of that (i.e. no liability beyond your investment) in exchange for generally having no ability to vote or have a say in how the investment is managed.
Julie Marquez
No More Mint.com - What the Best Personal Finance Tracking Tool Now?
25 September 2024 | 6 replies
I love the ability to categorize all my spending and split transactions into different categories.
Lilly Fang
For flip, should I have an LLC or just as an individual? What about BRRR?
25 September 2024 | 5 replies
Hi Lilly,Having an LLC has some advantages compared to flipping including the ability to deduct business expenses like mileage and meals, which can lead to significant tax savings.