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Hi everyone! Last year, my husband and I became landlords by default when we moved out of our primary home on the Central Coast of California to the Bay Area for job relocation. It worked out nicely however as we ha...
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Hi BP
I am running through some scenarios for a first rental property which will be out of state using a PM.
The scenarios range from a couple hundred cash flow positive per month to a break even per month. I have ...
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I am in need of a good CPA. My current accountant says that I have to suspend most of my real estate losses do to the fact my wife is a high W-2 wage earner. I know you are limited to $25K if you are a non professiona...
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Current Situation: My wife and I have been slowly getting into REI over the last 4 years. We currently have 5 SFH long-term rentals and a short term rental.Up until 2022 we both had W2 jobs, but we just had our first ...
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In 2023 my five properties across two single-member LLC's had 7 tenants just decide not to pay rent, and 3 roofs had to be replaced. Thank goodness for tax deductions, right? Before I was in real estate my business ...
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I'm doing tax planning for the next year. Looking for strategic guidance from an investments standpoint (of course I'll work with my CPA on the details)-
1. My individual taxable income in 2021 (after all deductions)...
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It’s exciting to watch Tesla build something very practical like a semi truck. This is going to be manufactured at the Gigafactory outside Reno at a new facility.
IMPACT ON RENO HOUSING - I believe as Reno enters in...
I manage a small apartment community (35 units) in a highly sought after part of town. Our rental agreements are now month-to-month, which has given tenants the flexibility to move in the event of a job loss or illnes...
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I do have one question at the moment. I have recently signed a lease for a tenant (D level tenant barely passed screening) that was using the Salvation army program to help pay for first months rent. They were suppose...
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I hope everyone loves a good hypothetical worst case scenario like I do! I was listening to the BP money podcast today and heard another recession story from ‘08. It always makes me wonder - how can my portfolio be af...