Aaron Signer
Existing Tenant Terminating Lease vs Signing with New Landlord
21 July 2020 | 8 replies
I'd also encourage investors buying occupied properties to have the seller and current tenant complete an estoppel letter.
Account Closed
Do we really get tax benefit for rental property?
21 July 2020 | 12 replies
In general think of it this way, normal pay (2W) wages pays the govt first then expenses, investment income pays expenses first then the govt gets their share.So if you think of the rental as a business (LLC not required), all the expenses are taken out before the govt base is calculated.If the rental has a note, or if there are any repairs, or any other expenses are taken out first, then the remaining amount (the profit) is taxed at a lower rate.One huge benefit of having rental properties is the long term appreciation is only taxed at the sale of the property, or can be put off via 1031 exchange, possibly definitely.I would encourage you to talk to a tax person.
Mark Cox
My First Multi-family, a Slump Block Success!
20 July 2020 | 1 reply
He then encouraged me to do some 'house hacking' by buying a multifamily and living in one unit while renting out the others to pay for my mortgage.
April C.
Multi family education program: a scam/MLM?
22 July 2020 | 1 reply
The founder talked about successful student cases and encouraged people to join their program as students for a few thousand bucks and more... their lower level students get to invest in the deals offered by the higher level of students...and most of the syndications done by higher level students raised funds from lower level students..It really sounds like a multi level marketing for me, especially after I wrote it down.I have several concerns about such education programs:1) are their teaching materials really worth the money?
April C.
Multi family education program: a scam/MLM?
16 August 2020 | 33 replies
The founder talked about successful student cases and encouraged people to join their program as students for a few thousand bucks and more... their lower level students get to invest in the deals offered by the higher level of students...and most of the syndications done by higher level students raised funds from lower level students..It really sounds like a multi level marketing for me.I have several concerns about such education programs:1) are their teaching materials really worth the money?
Jonathan Bombaci
Is It Too Early To Host In-Person Meetups?
21 July 2020 | 2 replies
But, I think those who want to safely move forward and get out and meet like minded individuals, are encouraged to attend.
Daniel Soyars
Seeking like minded people in Tulsa Oklahoma
11 August 2020 | 12 replies
@Daniel Soyars I think that's an awesome goal but if you can't find an actual, official mentor, many of us can "mentor" each other via encouraging one another, hanging out, building valuable relationships, etc.
Philip Small
Buying property as a partnership
26 July 2020 | 6 replies
If this is your first (or second or even third) deal, I would encourage you to seek professional advice.
Tyler Baldwin
Biden introduces plan to increase taxes on Real Estate investors
13 November 2020 | 215 replies
Higher taxes just put more pressure on the price of goods.There is lots of issues to look at and I encourage people to fully investigate both candidates.
Abigail K.
AppFolio vs. Buildium: Help!
22 July 2020 | 4 replies
Given fairly regular turnover and the fact that most of our tenants pay online (and we would like to encourage that) this turns into a pretty substantial cost for us (way over Appfolio's minimums).