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27 December 2024 | 93 replies
can the lot be sold on the open market?
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24 December 2024 | 8 replies
The larger the property, the more inclined I am to have a property manager.
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24 December 2024 | 17 replies
The amount you'll save off of the purchase price will be significantly more than what the vacancy will cost.
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25 December 2024 | 4 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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17 December 2024 | 15 replies
Some of the cracks in the walls have been epoxied, but not all.
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20 December 2024 | 0 replies
There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.
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19 December 2024 | 13 replies
- Will it be from the day of that new law forward or for the entire 2025?
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18 December 2024 | 11 replies
Sometimes the contractor will put a % on the top of the materials to source it.2) what's your range for remodeling a bathroom?
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24 December 2024 | 6 replies
@David MartoyanWe still use the BRRRR strategy in Jacksonville, FL.