Dmitriy Fomichenko
Self-Directed Solo 401k for Real Estate Investors – Q&A
13 January 2023 | 348 replies
Like right now capital gains is 15-20% but in the future if we turn more liberal or a progressive changes capital gains taxes it might be as high as 40-50% So it's a good idea to do Roth IRA or investing so you don't pay on future gains and get taxed now at lower rates An expectation of higher tax rates in the future compared to now (or when the contributions will be made) is a factor that suggests Roth treatment would be better than pre-tax.
Paul Sandhu
A motel closed in my town yesterday
5 July 2021 | 40 replies
They take a drug screen from me in order to get in the refinery, that's when I make the housing sales pitch.The general manager for one company came here about a month ago on a Friday.
Megan A.
Should I hire a lawyer to review our lease? Minneapolis area
23 July 2016 | 19 replies
You may add your own addendum's to the lease and most cities in and around Minneapolis require a Crime Free/ Drug Free Addendum.
Tanya Patience
Strategy question: Depreciate or Expense?
18 March 2017 | 15 replies
Check out https://www.irs.gov/pub/irs-pdf/p925.pdf Publication 925: Passive Activity and At-Risk Rules for more info on that.The carpet IS tangible personal property (unless it's in the bathroom or something weird that changes it) with accelerated depreciation treatment, but because of the low cost it could be eligible for safe harbor: that depends if you've done anything else that qualifies for safe harbor and have high enough unadjusted cost basis since there are limits.
Dave D Fischer
Home Away/Vrbo Holds funds
23 July 2020 | 23 replies
Just will not tolerate such treatment, holding of funds etc... is no way to do business.When you hear these stories.
Chris Mason
Easiest way to be allowed to prepare taxes, especially Sch E?
25 May 2018 | 9 replies
All you need is a PTIN which is quite easy to get.Agree with everything but the repairs - if the facts and circumstances allow for repair treatment vs capitalizing and depreciating, repair treatment is generally the best option regardless of income trends.
Sharon H.
Should I renew the lease when tenant always pays late?
19 September 2019 | 27 replies
From there, like an airborne disease, the infestation spreads to all the other properties, crime rate goes up, drugs being deal in the alleys and the street corners, drug deals fone bad, shootings, murders.
Paul Martin
Looking for advice on renting as a rooming house
10 July 2018 | 5 replies
One tenant likes to "party" and is doing drugs, but the other one hates drugs, you get a call at 4am.
Engelbert Devera
Realtor Bait & Switch ?
19 November 2019 | 84 replies
Give them the silent treatment until they double message you back, in which you go back to your 80k offer since the other person was obviously false