Avery Biles
courses, mentorships and masterminds
8 May 2024 | 12 replies
Studies show that group training has only about a 5% success rate in buying properties, but people say they like the group atmosphere except they don't get their individual questions answered.Most "hands on”, “one on one” have the opposite, about a 90% success rate of buying properties.
David Pagan
HELP: Allentown vs Harrisburg vs. Reading
8 May 2024 | 14 replies
Market is overpriced for the median income and interest rates too high to cash flow.That being said, there are deals - one just needs to be smart
Joanna Quan Soon
Home Sale advice
8 May 2024 | 4 replies
I think due interest rates and lack of full master bedroom we can’t get it off the market .Any advice on what we can try?
John Hodges
Sold my company
8 May 2024 | 24 replies
. :) just dont let Cap rate influence you into buying high yeild high risk properties those you will most likely regret buying.
Jonathan Snider
STRs in Multiple States
9 May 2024 | 13 replies
Staying at your rental properties may not be so great for tax purposes.You would need to pro-rate some of the costs from deductible to non-deductible.Furthermore, if you stay in the propery for more than 2 weeks, you limit your losses.
Ravi Ramu
Hot Tub Addition for Poconos Rental Property
8 May 2024 | 7 replies
What is their nightly rates and occupancy?
David Ounanian
What is the standard for raising rent?
8 May 2024 | 2 replies
Valid reasons might include increased operating costs, property improvements, or market trends.Fairness and market rates: Rent increases should generally be reasonable and in line with market rates for similar properties in the area.
Kingston Yi
SDIRA & How does this work?
9 May 2024 | 43 replies
Just because something can be done doesn't mean that you should do it.I would not own real estate within a retirement account(including SDIRA).Reasons1) Complexities with RMD2) Lose out on depreciation3) Appreciation when sold would be taxed at marginal rates instead of preferred long-term capital gain rates4) Etc
Breeze Xue
Tax deed investing questions
8 May 2024 | 4 replies
Interest rates change, regulations change, in CA lots of fights happen, inflation happens, and just so many headwinds to fight thru as a developer.
Alejandro Riera
FIRPTA withholding on a domestic LLC with foreign members/manager
8 May 2024 | 5 replies
Code § 7701 - Definitions, my understanding is that the answer is NO, but maybe I am wrong.As the actual rate of withholding is 15% of the sales price, and as the refund (if any) would be "within 90 days", it can be a major setback for my company´s flipping cash-flow because 15% is way higher than the taxable income (and of course than the tax itself), so we would be in the necessity of capital injections to flip the next properties.If any of you have comments on this, it would be very helpful.Thanks in advance