Tyler Brobst
Bought primary house with cash, bought a new primary house with a mortgage,
9 May 2024 | 3 replies
@Tyler Brobst, the generation of income even though you have moved out is one good piece of documentation showing that you are using it for investment purposes.
Brian Tripp
Looking for new areas to explore
9 May 2024 | 23 replies
Cleveland, Ohio is a great market to focus on for cash flow and specific pockets have gone up 2x and upwards of 4x in the last 5-10 years even!
John Doyle
Can I use rental income to fund solo 401k? SEP-IRA?
10 May 2024 | 15 replies
I see the IRS regs about rental activities being defined as passive, but I don't see anything about a lower rate.I just see that this "passive activity" distinction subjects us to "passive activity loss rules", which limit our ability to offset other types of income with net passive losses.But even that limitation is negated for us because we fall into the "active participation" exception, so we can offset our regular earned taxable income dollar-for-dollar with losses from our rental (if I understand the regs correctly).
Dan Panea
Bookkeeping, Accounting and Taxes
9 May 2024 | 8 replies
Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.
Seo Hui Han
70% equity and 30% debt. Should 1031 into similar?
8 May 2024 | 7 replies
Even they are smaller deals the appreciation would be better and yes not all eggs in one basket.
Steve Tran
As a landlord in Texas do you typically provide a washer/dryer?
9 May 2024 | 20 replies
When I moved to the Dallas area, we noticed half of the listings did not even have a fridge, dryers, and washers.
Henry T.
More Maui STR threats
8 May 2024 | 7 replies
Even the Attorney General has advised that passage would likely result on a lawsuit that would not be favorable to the state.
Elad Itzhari
A property located across the road from a church
8 May 2024 | 12 replies
There’s a considerable amount of traffic and disturbance at times during the day but once evening comes it isn’t an issue. 90% of the people that use the parking lot respect my two parking spaces and don’t park in front of my house.
John Hodges
Sold my company
8 May 2024 | 24 replies
Is it feasible to rent to a tenant and never even meet them?
Dylan S.
Rehabbing and adding ADUs in OC?
8 May 2024 | 4 replies
The cash flow can appear good on garage conversion ADU additions, but the value being added by ADU additions in SFH areas is even lower than this amount.