Susan Authement
Own home in AZ. Bought new primary residence in MI .Moving to Michigan. LLC help pls
10 April 2024 | 10 replies
Be sure you understand the annual filing procedures wherever you create an LLC.
Collin Hays
The Reality of Pets and Your Vacation Rental
12 April 2024 | 17 replies
This would include checking the box that says you allow pets.
Kai Kopsch
Local Market Update for March 2024
11 April 2024 | 1 reply
This price hike suggests a competitive market, with supply increasing relative to demand by a notable 21.4 percent, resulting in a 1.7 months' supply of homes for sale.This recent development in the Charlotte real estate scene is likely influenced by a combination of factors, including a dip in mortgage rates in December and a nationwide increase in housing supply.
John Krapf
Deal Analysis Software
9 April 2024 | 5 replies
Some that I have found seem to do it all including locate properties, generate leads, and some just run the numbers and generate reports.So far I have looked at these:Sure, here are the links to the mentioned real estate investment analysis software:DealCheck: DealCheck is a comprehensive real estate analysis software that allows investors to analyze properties, estimate rental income, calculate cash flow, and evaluate potential returns.
Christie Hewitt
Stressed out …New to this
11 April 2024 | 5 replies
What they do differently is find off-market deals through various lead sources they created over time, and they're supposed to send them your way according to your criteria.As you continue to work with them, you'll build a relationship with them, and they'll send you these leads before everyone else.
Dana Kristian Gomez
New to Real estate - Travel RN
11 April 2024 | 19 replies
It's great to hear that you're interested in providing housing for fellow travel nurses - it sounds like a fantastic niche market.As you're getting started with acquiring rental properties, here are some steps you can take:To start real estate investing, educate yourself on various strategies, including analyzing deals, financing options, property management, and local market trends.
Benjamin Lenz
Why you shouldn't build a Jr. ADU in California
10 April 2024 | 59 replies
Sacrifices to live in paradise include outrageous, unaffordable home prices.
Pradeep Varghese
Using Fund and Grow along with Plastiq for paying down payment
13 April 2024 | 26 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.
Gladys Cepeda
Multifamily vs. Couple of single homes
11 April 2024 | 6 replies
Then, several single-family homes could fit the bill.Aiming for a cash-on-cash return of about 8% or higher is a solid baseline, but remember, this can fluctuate based on many factors including your specific market.
Account Closed
RV Office Write off. Is it a TRAP?
11 April 2024 | 10 replies
Here's a breakdown of what transpired:The taxpayers, who owned a marina, included the cost of a Raptor RV among several other expenses they claimed as business-related.