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17 November 2017 | 28 replies
"Newer" is good, too.I don't necessarily "need" the cash that's tied up in it but that is a big chunk of money I could potentially invest elsewhere (but without a known rate of return like I'd get on this place).I'd rent it, but I love cash flow, and that beats would could be a loss considering all of the time you've put in.The property is 2 hours from where I live so I need to find a property manager.Check with them on the rent and the candidate.
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23 October 2016 | 20 replies
Such as Vacancy, Credit losses (uncollected rent and skips), Pest control, legal, accounting, leasing.
23 March 2018 | 4 replies
Fast forward to tax time / refinance time, my accountant is telling me that the profit from Kingsbury, was actually a loss associated with quit claiming Mayflower back to the sellers.
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15 December 2022 | 8 replies
@Daniel Dietz - This is the first time I've heard someone mention a weighting of depreciation recapture in the first year when utilizing an installment sale.
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6 March 2017 | 4 replies
and profits and/or losses addressed.
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22 April 2017 | 8 replies
Each investor gets a K-1 showing 50% of the income/loss.
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28 February 2017 | 6 replies
There is what you give to your accountant that gets reported to the IRS on a tax return and then there is an actual Profit/Loss Statement.
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29 March 2017 | 11 replies
confirm the policy is specifically for a non owner occupied rental, includes loss of rent/income cov, and $1m of liability minimum.
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18 May 2017 | 4 replies
Share your wins and losses so others can learn from your experience just like you have done.
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16 December 2022 | 5 replies
Depending how much you're owed you may want to consider writing it off as a loss and spend the time pursuing other ventures that are going to make you more money and not frustrate you.