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15 November 2024 | 10 replies
Also looking into DoorLoop, looks like they have great UI and many features.
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15 November 2024 | 6 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
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22 November 2024 | 24 replies
I don’t tend to do much plumbing drawings, especially when it get complex or extensive.
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21 November 2024 | 305 replies
Will definitely try the feature out.
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19 November 2024 | 11 replies
@Brad Herb Investing in a syndication via a Self-Directed IRA (SDIRA) offers tax advantages but comes with fees and limitations:Advantages:Tax Benefits: Gains grow tax-deferred (Traditional SDIRA) or tax-free (Roth SDIRA).Avoid Penalties: Keeps funds in the IRA, avoiding early withdrawal penalties.Diversification: Adds real estate syndications to your retirement portfolio.Disadvantages:Fees: Setup, custodian, and administrative fees can reduce returns.UBIT: If the syndication uses debt, income may be subject to Unrelated Business Income Tax (UBIT).Complexity: Strict rules; all income/expenses must flow through the SDIRA.Illiquidity: Syndications are long-term, locking up funds.Use an SDIRA if the investment is significant and the UBIT impact is minimal, especially with a Roth SDIRA for tax-free growth.Remember that RE, outside of retirement accounts, provides the biggest tax benefits.This post does not create a CPA-Client relationship.
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19 November 2024 | 3 replies
feature=sharedYes, it's unfortunate you are in this situation, but blaming others for your naive decisions won't change anything.PROPERTY ADVICE: you didn't mention if the tenant is now paying on-time, sporadically or if you're evicting them.Because you still want to sell, let's assume they are not paying on-time.1) Can't sell to an owner-occupant while tenant-occupied.- Owner-occupants will pay the highest price for a property.
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15 November 2024 | 1 reply
To ensure accuracy, verify comps manually by reviewing recent sales in the area, property condition, and similar features.
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17 November 2024 | 9 replies
—can also be acquired on an all-cash basis, but your initial outlay will be a lot higher, and leasing cycles will be longer and more complex than single-family.
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19 November 2024 | 9 replies
Thanks folks, it seems like overall it doesn’t make the most sense to start an LLC for real estate purposes due the cost and complexity, with few benefits here in California.
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18 November 2024 | 9 replies
There are benefits to using the LLC, holding company, or trust, but they all come with costs and add complexity to your life that is often unwarranted.