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21 May 2024 | 48 replies
I am generally above the 75th percentile of rents in my markets so my apartments always fail the HUD "reasonableness" requirement.
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21 May 2024 | 21 replies
Consider using turnkey services for fully renovated properties that don't require property management.
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22 May 2024 | 8 replies
These deals require REAL WORK but the hurdles can be overcome.
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21 May 2024 | 3 replies
If you are skimping on the buy, you will have a property that needs a lot of maintenance and it's clear you don't want to pay for it.
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20 May 2024 | 5 replies
These families may require more space, thus seeking affordable housing that includes 2- or 3-bedroom homes rather than smaller units.Middle-Aged and Elderly Population: Zip codes like 28314 and 28306 have a higher proportion of residents over the age of 55.
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22 May 2024 | 2 replies
From a servicing and reporting perspective - if the lender does not report to credit and they REQUIRE an LLC to fund, then the parent servicing entity most likely will keep your business/investment loans separate from personal credit.
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22 May 2024 | 14 replies
It would be a good idea to familiarize yourself with your local landlord tenant laws, ESA certification requirements in your state.
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21 May 2024 | 138 replies
;Roth IRA funds are not subject to requirement minimum distributions (RMDs);The fair market value (FMV) of assets held in a self-directed IRA is reported on form 5498;The fair market value of assets held in a solo 401k are reported on Form 5500-EZ;At termination, the solo 401k is required to file a final Form 5500-EZ and 1099-R; andAt termination, the self-directed IRA is only required to file a form 1099-R.
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22 May 2024 | 6 replies
Your profile mentions that you are a real estate agent - You want to have a conversation to see if you potentially are eligible to claim real estate professional status which would allow you to treat your rental losses as active instead of passive.Also have a conversation if you are required to make estimated tax payments since there is no withholding on your commissions.Lastly, your profile mentions you are in Florida which does not have a state income tax which opens you up to more options for choosing an accountant.
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22 May 2024 | 8 replies
We had a tree on another property blow down in a storm on our property… it would have been deemed not their fault and we would have to turn to our own insurance if a claim was required).That’s how I understand Florida does it.