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23 October 2018 | 11 replies
The education I received through the podcast was invaluable in giving me the knowledge and confidence to do the first deal.
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2 September 2018 | 1 reply
retail, self storage, office, etc. ?
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3 September 2018 | 4 replies
I have a few properties that I'm self managing (in CA) and I'm looking to add another one by the end of the year (in another state), but I have no clue as to the best approaches when it comes to tax season.I try to keep well organized records since I have a background in personal finance and a bit of accounting, but after that I'm so lost.Are there any accountants that operate remotely?
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14 September 2018 | 5 replies
I self manage 5 vacation rentals remotely.
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3 September 2018 | 13 replies
We were on the other side of one of these a couple weeks ago.If you really want the deal and are confident that it will close.
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8 September 2018 | 6 replies
The education I received through the podcast was invaluable in giving me the knowledge and confidence to do the first deal.
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3 September 2018 | 3 replies
Ideally you want each property in their own LLC and then on top of that, if you are self-managing the properties, you would need to create an LLC just for the management or the tenant can also come after you since you are the property manager.
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3 September 2018 | 3 replies
$200k in a self directed IRA...
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2 September 2018 | 0 replies
I will list the numbers:current rent $1950/month (going to $2000 in about 6 months at end of 2 yr lease)My expenses: annual taxes $7950 ($662/month) Heloc balance $170k interest currently 5% land lord policy $1150/ year Self managed Maintenance : has averaged $300-400 per year.Reasons I am considering sale : 1) property is currently worth about $270k (making me feel roi is low). 2) property has a pool which is a liability that I'm not completely comfortable with. 3) property has a heloc balance against it of about $170k that I technically cannot deduct the interest because it wasn't used for the property or any other rental. 4) Tax treatment: my understanding is if you sell it having lived in it 2 out of last 5 years the capital gains would be exempt.
10 September 2018 | 4 replies
Are you going to self-manage?