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26 January 2025 | 14 replies
I would be careful how you go about this one.
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22 February 2025 | 13 replies
Avoid common mistakes like underestimating expenses or overleveraging, and vet property managers carefully by checking reviews, references, and their management style.Good luck!
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21 January 2025 | 5 replies
I am thinking about doing this full time and was wondering if there was a coach/professional i could speak with to give me an honest assessment on my current real estate portfolio?
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22 January 2025 | 4 replies
Readers should seek professional advice.
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1 February 2025 | 17 replies
The goal is to create nice affordable living that members enjoy and take care of.
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21 January 2025 | 10 replies
Your best bet is to ask for referrals from professionals in the space: realtors, other investors, this forum, FB groups, etc.
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28 January 2025 | 27 replies
Many of the section 8 tenants I've had give me little to zero problems and take care of the place as though it's their own.
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15 January 2025 | 5 replies
While it is possible to convert an investment property acquired through a 1031 exchange into a primary residence, this requires careful planning.
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27 January 2025 | 3 replies
Seller doesn't care how we split the real estate vs. the franchise, but I don't think I could get $250,000 for the real estate.
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21 January 2025 | 10 replies
The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.