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25 September 2024 | 8 replies
I have already rented my first property and am excited to continue on to the next.
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25 September 2024 | 17 replies
To answer both your questions, I would recommend you don't engage a real estate-focused accountant until you have at least one property.
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20 September 2024 | 73 replies
A $1 MM property is not twice the work of a $500 K property.
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25 September 2024 | 14 replies
I want my involvement in managing my future properties to lessen, becoming more "passive".
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25 September 2024 | 4 replies
This basically releases the one moving out and the security deposit stays with the property.
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25 September 2024 | 6 replies
When starting out, I think you should at least be able to get to your property several times within the first couple of years to en reasonable amousure everything is set up and functioning properly.
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25 September 2024 | 7 replies
Then there's the issue with doing a 1031 which is fine but my property taxes would go from $2200/yr to $4400/yr for an identical home.
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25 September 2024 | 7 replies
I've read a lot of people will buy a property as an STR, put it into service then do a cost seg.
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25 September 2024 | 1 reply
If I were to purchase a property at the auction that is foreclosed for first mortgage but has code enforcement liens, will the code enforcement liens go away after I win the bid and pay off the mortgage or do the liens stay on property and I am responsible for them?
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25 September 2024 | 8 replies
Hey Yi, If you invest in a multifamily property through a Roth IRA, you will not receive the same tax benefits as you would with personal cash, such as depreciation deductions.