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14 November 2024 | 1 reply
Basically a turnkey investment with all new interior upgrades that is poised to bring in solid rental income.
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15 November 2024 | 7 replies
Any amount over your adjusted basis in the property (initial cost minus depreciation) could be subject to capital gains tax unless you reinvest it strategically.2. 1033 Exchange (Involuntary Conversion): A 1033 exchange (involuntary conversion) is specifically designed for situations like fire, natural disasters, or eminent domain.
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14 November 2024 | 11 replies
Assuming adding a vent isn't unduly difficult, i.e. the dryer being in an interior room far from an exterior wall and/or no good access to run dryer pipe, I would put it in on my own.
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15 November 2024 | 10 replies
It's user friendly, with a modern design.
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14 November 2024 | 6 replies
Yes I have answered this numerous times on other threads, but bullet points:1 - If you are considering a PM, now would be the time to hire as you can lean on them most likely.2 - Look for designers in the area.
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14 November 2024 | 1 reply
I do not want to use a will or trust to designate inheritance after my death.
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10 November 2024 | 0 replies
The addition of a private balcony and standout interior design further elevated its appeal to both short-term and long-term tenants.
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18 November 2024 | 15 replies
@Joshua Thompson already linked the long post that I wrote to answer your question:https://www.biggerpockets.com/forums/51/topics/1215989-expla...Based on your subsequent comments, you missed the point of my post: it DOES NOT matter whether your accountant holds a CPA or an EA designation (or neither of those two).
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14 November 2024 | 2 replies
A small amount of movement in the rail of a screw-drive garage door opener can be normal, as it’s designed with some flexibility to handle the door's movement.
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13 November 2024 | 9 replies
After all PITI, utility, and services (lawncare and cleaning) costs I have $7,225.I set aside 25% of this for my maintenance fund.The remainder funds my lifestyle, wife has a Tesla, and quarterly vacations as well as business growth.In 2023 I am tracking to build 4 duplex units designed as room rentals funded in part from a recent land sale.