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7 January 2025 | 2 replies
In my Longmont flip, we made sure to account for worst-case scenarios upfront so there were no surprises later.
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12 January 2025 | 28 replies
Early in my investing career I wanted to cost seg my properties, but my accountant told me I was wasting my time because I was unable to use the full depreciation benefits I already had.
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7 January 2025 | 22 replies
That would be around $90,000 sitting in a savings account!
4 January 2025 | 7 replies
Account Closed Thought of interning at a title company or attorney's office who ever handles it in your area?
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1 January 2025 | 7 replies
AirBNB and VRBO don't transfer accounts and reviews.
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6 January 2025 | 12 replies
Property manager (PM) 's lawyer continued the case to get the unpaid rent from the tenant.PMA between landlord and property manager(PM) has also expired so landlord got the property back , but when landlord requested to settle the account and the deposit( there is one month deposit from landlord also), PM refuses since the lawsuit is going on with the tenant, Additionally PM is still charging the monthly property management fees from landlord even though landlord is managing the property.Landlord is done dealing with PM and requested the PM to withdraw the lawsuit against the tenant ( landlord is aware that he will loose 2 months rent), PM came back saying they cannot withdraw the lawsuit since that will violate fair housing law.QUESTION:Does withdrawing unpaid rent case against the tenant violate fair housing law ?
31 December 2024 | 8 replies
Account ClosedI recommend that have a consultation with your tax accountant and/or financial advisor on ways to reduce your taxes.
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8 January 2025 | 7 replies
.)- All in Cost = Cost to build * Square foot - Sales Price = All in Cost + (All in cost * 20%)* Covers contractor and soft cost on either fee based or cost+- Profit = (Sales price - (Sales Price * 7%))* - All in Cost accounts for agent fees and closing cost- Initial List Price = Sales price + 10% A buffer to test market absorption- Break Even being All in cost, point where everyone is paid except me. - List price is to test the market absorption at "x" price. 250k land + build.
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6 January 2025 | 7 replies
That's because the city won't calculate the actual amount till a structure is built, aka it's not just a plot of land anymore.This will obvious cause your property tax bill to go up and also your mortgage escrow account as well (sometimes these things can make your mortgage shoot up a few hundred a month).
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9 January 2025 | 116 replies
I dont want cash sitting in my bank account earning nothing.