Nick Huffman
Analyzing Potential Earning for Customers
12 April 2024 | 11 replies
Plug it all into BNBCalc and share it so others can give you feedback- look at the tax savings via the "short-term loophole" at the bottom and learn how that functions as well as it can be a huge aspect of your investment.
Steffany Kluttz
What to ask a property manager
10 April 2024 | 12 replies
Read the contract details, especially fees, eviction coverage, and maintenance info.
Sean Ryan
Understanding Alternative Financing to Mortgage Workflow
11 April 2024 | 2 replies
There are no penalty fees for paying off the loans early, FYI.Anything in this workflow that I'm missing?
Benjamin Lenz
Why you shouldn't build a Jr. ADU in California
10 April 2024 | 59 replies
Also, keeping the ADU under 750sf means the city cannot charge you impact fees like parpk fees, sewer fees, school fees, etc.
Ryan Newsome
Building a short term rental in my back yard??
11 April 2024 | 4 replies
Add up expenses from Day 1 of the build and see how long it would take to recoup that dollar amount with your projected NET profit - meaning after all expenses.... ie you charge $150 a night but after cleaning/supplies/ fees, you make a net $80.
Jubal Noel
Hi I’m new here! Here to meet investors and learn
11 April 2024 | 13 replies
Since you requested any book recommendations, I wanted to point you towards Tax Free Wealth by Tom Wheelwright.
Samuel Metcalf
HELOC or cash for primary residence/investment duplex
11 April 2024 | 10 replies
@Samuel Metcalf- sorry ...getting heloc on the rental duplex will be hard / impossible to obtain ....if you can get one - it would be a great option to use for the remodel / landscape ....if you have 50K equity in your primary -you likely dont have ample equity position to get a HELOC on it as the max comboned loan to value for helc lenders is 85% ( maybe 90% ) ...I would try getting helocs on both to see whats possible ...if no heloc is possible - use the cash on hand for the purchase down payment / closing costs / loan fee/ prepaids and then use future accumulated savings for landscaping
Kiran Dhillon
In 1031 exchange can you buy a replacement property with a partner
11 April 2024 | 7 replies
Definitely discuss w your tax advisor too.
Nathan H.
Question about Carryover Basis
11 April 2024 | 2 replies
., 17.5 years remaining for residential property).New Schedule: Simultaneously, start a new depreciation schedule for the additional cost basis attributed to the replacement property, following standard timeframes (27.5 years for residential, 39 years for commercial).Option 2: Treat as New AssetCombined Basis: Treat the entire cost basis of the replacement property (carried-over basis + additional funds invested) as if it were a newly acquired asset.Single Schedule: Depreciate the total cost basis over the standard timeframe for the replacement property type (27.5 years for residential or 39 years for commercial).If you choose option #2, you need to file an additional form (4652) with your tax return.
Diane Mendoza
Tenant screening, background check on Zillow
10 April 2024 | 13 replies
I am currently using Zillow to screen tenants and had the application option turned on so I have candidates who paid $35.00 for the Zillow application fee.