Simon Chang
How much to deduct for damage to bath vanity drawer (MDF)?
29 March 2024 | 5 replies
Tenant did not maintain bath vanity and it sustained irreparable water damage.Unfortunately the vender does not sell the drawer face individually, but only sells the entire vanity.
Clarence Jones
How Should I Start my Journey?
31 March 2024 | 14 replies
Attending real estate events and establishing professional networks with other industry members may yield insightful and beneficial connections.Trying out different forms of finance, such private loans, government-backed credit programs, or joint ventures with other investors, might also be helpful.Real estate investment requires a great deal of flexibility and open-mindedness because there are several ways to succeed.
Carter McGill
Getting Started/General Advice
29 March 2024 | 12 replies
Remember, real estate investing requires patience, perseverance, and continuous learning.
David Travieso
Tenants need to Vacate for a few day while maintenance is being done.
30 March 2024 | 12 replies
@David Travieso first check state and local landlord tenant laws because you may be required to provide lodging or possibly just reimburse days not available, if damage was not caused by them.
Allan Pan
Seeking Advice on House Hacking Opportunities Near San Diego
28 March 2024 | 5 replies
(BTW, I've created a spreadsheet to estimate the rental income required to qualify for specific properties and am happy to share it with anyone interested).After conducting some research and attending open houses, I found very few properties that meet my financial criteria within San Diego.
Elliot Mitchell
You can do it too!
31 March 2024 | 21 replies
Quote from @Elliot Mitchell: Anything worth doing requires effort and won't happen overnight.
Michael Wither
Commercial Insurance Policy after transferring SFR rentals into an LLC?
29 March 2024 | 1 reply
I've heard that it's better to have a commercial property insurance policy for the LLC that covers all of the rental homes in it since A) it may be more cost effective than having individual normal home insurance policies on all of the homes and B) it will name the LLC as the primary insured party which technically will be the primary insured since the homes will be in the LLC's name.
Jay Hinrichs
Chips Act Path of progress investing is where the big dollars are made Oregon
1 April 2024 | 39 replies
We found some we liked, and some that may require more work but I enjoy that aspect for what it's worth.
Horacio Gutierrez
Capital gains taxes on sell property
29 March 2024 | 8 replies
When selling your primary residence, you're eligible for a significant tax advantage: individuals can exclude up to $250,000 of capital gains from their income, and married couples filing jointly can exclude up to $500,000.
Zach Adams
House Hacking - Can only deduct rented bedroom square footage?
30 March 2024 | 3 replies
In order to make sure you're optimizing your tax advantages and adhering to all applicable requirements, even while I can offer broad advise, I suggest speaking with a tax professional or accountant who is knowledgeable with real estate taxation.