Ruben Cervantes
New investor/ Imperial Valley
26 September 2018 | 2 replies
If there are any local members I would love to talk and hopefully gain some knowledge.
Jason Wright
HELP! Switching jobs after closing on a new house.
27 September 2018 | 2 replies
They provide better benefits and better perks.
Isaac Braun
Tenant quit job and is leaving before lease is up
2 October 2018 | 19 replies
I understand that the person(s) listed above may use this document as a basis for gaining a release from the lease.I attest that the foregoing is true and correct.
Neel Patel
Potential BRRRR (or Flip)
2 October 2018 | 12 replies
Even the best tenants will break things.Food for thought...If you are going to rent it out, your rehab numbers would be lower since you wouldn't be putting in the best finishes (for the same reasons as above).Doing a flip will kill you on taxes and eat into your profits due to the short term gains.
Mike Greenwood
Flip or Flop?! Analyzing for my first flip!
26 September 2018 | 5 replies
Live in is a good strategy especially if you will live there for 2 years or longer (section 121 of the Tax code) you will not pay tax on gains up to $250K single or $500K married, keeping that in mind markets change, so consider where we are and where you think you will be 2 years from now. also consider if you are there less than 2 years the gains are taxable at a very high rate about 1/3 or more of net profit for most people.
Rick Howell
4 Ways to Turn Your new Business Into a Powerhouse
4 October 2018 | 2 replies
Networking groups are also a great way to gain exposure.Break through the “Rookie Wall”This sports metaphor refers to first-year players who suddenly stop having the kind of success they did before they made it to the professional level.
Rik Patel
Broker License - to apply or to not apply?
26 September 2018 | 1 reply
I was wondering what the benefits are for applying for my broker's license?
Heather Lawler
Looking for the Max Bang for My Buck with my Inheritance
10 October 2018 | 9 replies
Plus - its a benefit that you are from the area and know it better than Texas.You mentioned wanted to do buy and hold or fix and flip.
Ada Tor
HOA says they don't want AirbNb rentals, but no guidance in CC&R?
28 September 2018 | 13 replies
Furnish it like you would with a STR, but find gainfully employed tenants such as travelling nurses, project managers, visiting professors and such.
Joanna Lenn
Tax man says "Become an S Corp" - thoughts?
12 October 2018 | 24 replies
one basic reason is because if you ever needed to get that property back in your name or move it into a trust, etc, the transaction of removing it from the s Corp would be considered a sale and the s Corp would be liable for taxes from the gain, even though you’re moving it from an entity you own to yourself.