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23 December 2018 | 5 replies
A landlord who managing his properties count towards the hours required of being considered a real estate professional.There are many requirements to be considered a real estate professional.
3 December 2018 | 8 replies
Here are the numbers, as best as I can figure them:Rent: 1395/monthExpenses:Management 112/monthLandscape 75/monthVacancy 42/month (assuming 3% vacancy rate)Maintenance 248/month (assuming 1% of original purchase price per year--been less than that so far)Interest: 546/monthInsurance: 106/monthTaxes: 239/monthPrincipal: $803/monthSo total expenses not counting principal are about 1368, leaving about $27 profit.
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17 May 2019 | 20 replies
That kind of defeats the purpose of having the LLC
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18 October 2020 | 16 replies
Rather than counting properties, what is material is the income that they are/are not generating.
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21 February 2019 | 10 replies
Not a good idea to count on that.
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21 February 2020 | 17 replies
Heck Blockbuster had 22 years of experience before they went bankrupt... is that the type of experience you want to count on?
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12 June 2019 | 11 replies
You only count hours in real property trades or businesses in which you materially participate.
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21 May 2018 | 16 replies
@Twana Rasoul Every dollar counts.
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18 August 2017 | 3 replies
Do REITs count?