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26 February 2024 | 17 replies
Is there the occasional premature part failure, of course, but even Mercedes has recalls from time to time, no manufacturer does the QC on electrical components they use.
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25 February 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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25 February 2024 | 1 reply
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
26 February 2024 | 10 replies
The hope would be that I would repeat this many times of course with multiple investors and eventually use property management when it becomes too much to handle effectively.
25 February 2024 | 10 replies
While you can’t completely control who applies to live in your properties, you most definitely can find areas that are popular with students, young professionals, families, etc. 4) just as important as finding the property, you need to have an exit strategy in mind for the property.
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25 February 2024 | 7 replies
The earnings tax applies to both residents and non-residents who work or operate a business in the city.If your LLC is generating income from rental properties located in Kansas City and you are considered to be conducting business activities in the city, then it is likely that your LLC would be subject to the earnings tax.I would still consult a tax professional or a lawyer who is more familiar with these laws.
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25 February 2024 | 2 replies
This is only available for folks to use against their w2 income (in general) via real estate professional status and short-term rental loophole.
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26 February 2024 | 13 replies
I like Texas, but the only thing that holds me back is the higher property taxes compared to North Carolina.1- Money: ok to spend 200-300K (prefer to put only 20-30% down) and invest in a couple of properties than buying one in cash2- Prefer cash flow (of course, appreciation would also be great)3-Prefer SFH over duplex just because with SFH (in a good neighborhood), I probably would have less headache and dramaHere are my questions:1- Which city do you invest in and why?
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26 February 2024 | 30 replies
So looking at an insane return (of course investment in rehab will be factored in).
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25 February 2024 | 30 replies
The key is getting a good RE consultant that specializes in no-cost consulting, engineering-based cost segregation estimates, and reasonable study costs who works with your CPA/tax professional.