Ryan Cousins
Hold onto a Negative Cash Flow Property?
7 January 2025 | 21 replies
If you move for a valid reason like new job, you can pro-rate your gains exclusion.
Natalia Perlova
Tenant claims there is no heat, and it's Christmas
31 December 2024 | 57 replies
It's the middle of the holidays and you own the property.
Chris Summons
Contracts for Sub Contractors to Sign
14 January 2025 | 4 replies
Scope of WorkThe Subcontractor agrees to perform the following work (“Scope of Work”):Detailed description of tasks and responsibilities.Exclusions: [List any exclusions here].Materials to be provided by: [Contractor/Subcontractor].Reference drawings or plans: [Attach if applicable].2.
Stanley Nguyen
Tax on private lending fund
15 January 2025 | 12 replies
If you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a speciality trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.Can I contribute to both a Solo 401k and SDIRA?
Christian Pichardo
New Investor in TROUBLE - Carrying costs since April 2024
27 December 2024 | 34 replies
I bought a 3 Bedroom SFH in Cahokia Heights, IL on April 2024 and it is STILL NOT RENTED TODAY.I bought for $79k convinced by the Section 8 mentor Tom Cruz to buy from his team and to focus on cashflow vs. appreciationI went through 3 contractors that all did a subpar job and just barely got it all togetherI haven't been able to find an appropriate Property Management team to help on this side of ILI have it listed for rent (Zillow, Turbotenant, Fb, Craigslist) for about 3-4 weeks now since repairs were done.If anyone has any suggestions to get this rented ASAP I would greatly appreciate it and any Property Management connections that can help would be amazing as well.Thank you all for your time and Happy Holidays & Happy New Year Ouch.
Noel Coleman
Unlicensed & Uninsured Contractors
6 January 2025 | 7 replies
Hiring unlicensed and uninsured contractors is considered an exclusion under most property insurance policies, meaning you could be giving up that benefit as well.
Leslie L Meneus
Networking? What do I do now?
9 January 2025 | 13 replies
If you own one rental, you are part of the exclusive 6% club.
Daljit S.
Eviction taking forever - anything else can be done?
20 December 2024 | 9 replies
I'm concerned that the delay is because of the holidays and I wont' be able to get the tenant out until the beginning of 2025.
Christopher Jennings
Hello from a new member from Gilbert/Phoenix and the surrounding cities
6 January 2025 | 6 replies
We’ve since learned that scouting friendlier permit offices not only speeds up timelines but can also reveal unique neighborhoods with underappreciated potential.Chris: Are you planning to focus on Gilbert exclusively, or do you see yourself venturing into other Phoenix areas soon?