Joanna Golden
Tax help! deductions for EOY and no rental income yet to offset!
20 September 2018 | 12 replies
@Joanna Golden Deductibility of expenses revolves around the "in-service" date, which is tax talk for when the property is in a livable condition and advertised for rent.Once the property is placed in service, operating expenses can be deducted in full, even if there isn’t any rental income just yet.
Noah Milstein
Online rent collection, cozy vs avail
8 September 2020 | 11 replies
For the time being I plan on doing all the listing/advertising, data collection/analytics (excel), and payment collection myself (paypal/venmo) until I have enough properties that using a service like Cozy or Avail becomes cost and time effective.
Justin Guidry
Assisted Living Facility in South Louisiana
21 September 2018 | 4 replies
At the very least, you can consult with them and ask about their services and what the state requires to get an idea of what you would need to do without hiring them.
Rob Brown
Asset Allocation for Real Estate Investors - % of net wort in RE
14 November 2018 | 6 replies
I have always had 80-90% of my total net worth invested in real estate and the rest liquid as a cash reserve besides maxing out my IRA, SEP IRA or Solo 401k for tax purposes.
Carl B.
Getting into real estate flipping
19 September 2018 | 1 reply
Not to mention the additional $5,000 to $8,000 the lender requires you to have in reserves.
Reginald Willhite
CA Business Entity Qs: SDIRA Investing vs. Cashflow Portfolio
20 September 2018 | 7 replies
It would take a 4.5% ROI just to cover your admin costs and break even.You could look at simply opening a self-directed IRA with a low fee custodian like IRA Services Trust Co in the Bay Area or Kingdom Trust Co in KY.
Jenn A.
Should tenants get a one time reduced rent
20 September 2018 | 20 replies
Apologies shift blame to youYes this business can be built off customer service and good tenant relationships.... treat people with respect and dignity....don't be an a-hole.
Tracy Newhouse
Home warranty companies
11 November 2018 | 4 replies
We have used two different ones and both have horrendous customer service, less than qualified contractors and inflated costs.
John Garcia
Finding leads contact I info
19 September 2018 | 1 reply
Any skiptracing service should be able to help you out.
Dennis L Lewis Jr
Can I Obtain Properties Using This Method?
19 September 2018 | 6 replies
I was sent a deal that consists of 3 doors (duplex and a mobile home) fully rented that will seem to cash flow after the appropriate reserves are set aside.