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30 May 2024 | 31 replies
I should point out that I nor my 2 partners have given a personal guarantee on the note.
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27 May 2024 | 20 replies
You’re financially protected more with more units/doors.Of course more income.Cons of larger multi family are barriers of entry costs to acquire, operate, and experience.
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29 May 2024 | 6 replies
However, interest on the same debt used to pay personal living expenses, such as credit card debts, is not deductible.But, wait there's more...
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29 May 2024 | 2 replies
Personally, I analyze the residential units as guaranteed income and don't look at the commercial space at all.
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30 May 2024 | 8 replies
In my personal opinion this is a very small issue that can be easily handled in a Saturday afternoon Congrats on having 2 rentals in this market!
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29 May 2024 | 5 replies
Great question 1) tenant is a serial killer (or similar 2) tenant is psycho and tries to sue me personally thinking I may settle and avoid litigation fees.
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29 May 2024 | 2 replies
If the trust is what is called a "disregarded entity" (meaning it does not have it's own TIN and does not file a tax return) then the activity of that property is reported on your personal tax return.
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29 May 2024 | 36 replies
The Dominican Republic can be a great place to invest but, personally, Punta Cana would be the last place I'd invest in.Two years ago, during a meeting I had at the Ministry of Tourism in Santo Domingo, one of the head honchos there clearly told me "If I were you, I wouldn't invest in Punta Cana".
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29 May 2024 | 15 replies
Rentredi is also a popular one (paid service) but I can't give my personal experience on that.
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29 May 2024 | 2 replies
The property has been reported on the deceased's personal tax return.