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13 March 2018 | 2 replies
Having experience in both real estate and construction I feel would be a good combination of skill set, education and experience in both fields with what I eventually want to do in the future.
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28 March 2018 | 8 replies
@Michael Pears I understand the capital tied up in the properties and that limiting me from purchasing other deals in the immediate future, however, the cash flow that these three units are producing, I would need to put at least as much if not more capital into three or more other properties to get the same amount out.
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13 March 2018 | 2 replies
It sounds from your description that it is.However, because you also do personal activities in the room (play games on your desktop), it doesn't sound like this would pass the "exclusive use" rule.Playing the games on your laptop in a different room would likely qualify the room as "exclusive use" as a home office.Also note that in the future if you take this deduction, there is a simplified method you can use to reduce the records you have to keep - just multiply the square footage of the office by $5 (if it is under 300 total square feet).
13 March 2018 | 4 replies
@Antonio Quinones How do you expect us to predict the future?
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14 March 2018 | 5 replies
Brian Garrett Yes I have a lender in place but I want to keep shopping around for future deals.
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13 March 2018 | 3 replies
I'm starting to model some much more sophisticated scenarios of buying investment properties, but before I even got too far into it, I began modeling the impact of inflation on your paycheck and personal expenses.For example, I ran four different scenarios.No inflation on your paycheck and personal expenses: the $5,000 per month you earn is still $5,000 per month 40 years into the future.
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21 March 2018 | 11 replies
Your lender will need to see the executed lease as well as proof of the historical expenses, as well as, a well considered extrapolation of expected future expenses.I'm a commercial lender in Andover / Blaine; happy to help.Take care,Mike
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13 March 2018 | 2 replies
At that point however the LLC becomes the tax payer so it would need to do a future exchange and sell and buy the next property.
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14 March 2018 | 4 replies
Just trying to do research to see what would set us up the best for the future.
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13 March 2018 | 0 replies
Is this a reputable company and we should expect them to honor the warranty if anything needs to be done in the future ?