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13 January 2025 | 2 replies
all materials, all labor costs to others, Not you, utilities, interest payments, permits, licenses, auto/truck expenses, tools needed are all deductable.
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31 January 2025 | 27 replies
Nice try, but this time does not count.In order to meet 750 hours, your wife will need one of the below:- do something else real estate related, like wholesaling or realtor- actively work on expanding your rental portfolio - have an extensive DIY rehab, like a month-long full-time rehab (and then she might need another kind of rehab)- a calamity such as multiple properties damaged in a storm where she will have to deal with insurers and contractors- something else out of the ordinaryAgain - if all you have is 9 single-family properties with stable tenants and typical occasional maintenance - you don't have enough work to collect 750 hours.
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15 January 2025 | 5 replies
To determine the correct treatment, consider the RV's permanence, utility connections, and business use.This post does not create a CPA-Client relationship.
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13 January 2025 | 10 replies
@Marc Robinson some may be more adventurous than me but with septic and well I would walk awayI prefer TOH of course but with $300 lot rent and 19 occupied, utilities included in rent I would pay $400-450k for this
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12 January 2025 | 2 replies
I utilized those funds to purchase 18 rental units.
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21 January 2025 | 20 replies
It's been great - the property is 100% paid off and the house is worth 300-340k generating approx $2300/mo (that's after utilities/management fees etc.)I'm considering selling the property to buy 3 more within the same price range in the same market.
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14 January 2025 | 1 reply
I mean myself and any bank would need more details, but if you utilize that large sum as a downpayment and have a small mortgage, wouldn't you easily qualify for the debt to income?
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19 February 2025 | 171 replies
The typical project sells out in 30-45 days, though one of them took longer.All of our projects have a detailed Purchase and Sale Agreement (PSA) that buyers sign with details on terms and construction timelines.
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17 January 2025 | 6 replies
These platforms typically have billing policies where you pay a per unit fee per month to the software and you get regular updates and support each month.There are a number of low-cost platforms available that are able to offer you a lower price by passing along some of the costs to your tenants (payment processing fees, applications, tenant screening, etc).