
25 April 2024 | 2 replies
Essentially, people could donate money and get tax deductions and then that money could be pooled to buy property, fix it, rent it and pay a manager.I’m assuming it would be similar to a self invested Ira.

25 April 2024 | 7 replies
And their roof loss settlement is "variable by roof age", not actual replacement cost, nor depreciation adjusted (most insurances will hold the depreciation portion of a claim till the repair is done and only then release the funds).Make sure you compare apples to apples when shopping around, pay attention to what they give you for "free", what deductibles apply and when exactly you can get coverage from the insurance and to what limits.

27 April 2024 | 7 replies
Also USPS Every Door Direct Mail (EDDM) allows targeting specific neighborhoods or routes without individual addresses!

24 April 2024 | 2 replies
Upon the sale of the condominium, the capital gains on Person C's sale would be calculated as follows:A. 33.33% of the sale price minus the original purchase price to account for the interest acquired via quit claim deed on July 7 2015.B. 16.66% of the sale price minus the stepped up fair market value on 11/17/2020 as capital gains for the 16.66% remainder interest acquired on 11/17/2020 from Person A.C. 50% of the sale price minus the stepped up fair market value on 01/17/2023 as capital gains for the 50% remainder interest acquired on 01/17/2023 from Person B.Total Capital gains would be the sum of items 3A, 3B and 3C above minus any allowed deductions, such as the home sale costs (closing, repairs and so on).As an individual owned rental property, upon sale the only way to avoid the capital gains would be to do a 1031 exchange and then hold the new property that is purchased for approximately 3 years before selling it.
23 April 2024 | 3 replies
Can our LLC deduct the 1098 mortgage of this loan?

27 April 2024 | 10 replies
if the return on cash-flow and appreciation is less than your required rate of return, you should consider selling it.Selling it now could also allow you to escape some or all of the capital gain through 121 exclusion.

26 April 2024 | 1 reply
Some niches allow you to scale but you get negative momentum as you grow.My niche for the last few years has been small and medium-sized mobile home parks, I don't like RVs very much, I like to keep it simple.What other niches within the manufactured home space are you guys finding success?
25 April 2024 | 3 replies
His closing costs and outstanding mortgage would be deducted from his proceeds, let's estimate that he walks away with If $175k.

28 April 2024 | 20 replies
Subject To deals are RARE, but being familiar with the concept can allow you to get a deal done quickly, with a real plan to get the seller's note paid as soon as is practical, but immediately if it becomes necessary.

26 April 2024 | 7 replies
That is all the IRS allows an IRA or Solo 401k to use.