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Met with a property manager today who told me, 'I won't make any money until my mortage was paid off.' Said he was just being real with me. He'a had dozens of rentals of his own and manages over 100 homes, and claims ...
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My wife and I are working towards moving across the country to be closer to family. We BRRRR'd a duplex and seen crazy appreciation in the last two years since we purchased. We refinanced, however, due to the crazy ...
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I am trying to estimate the repair/replacement cost for a house with a geodesic dome. The roof is currently leaking around 2 sky lights, which I would want to take out and fill the holes to eliminate future leaks. The...
We are considering making an offer on a bank owned property in Michigan, but there are potential issues. The lot is approximately 8 inches short of the minimum lot width requirements. In addition, the edge of the ho...
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After doing this for 20 years, I have found that the 1031 rule is a potent tool for real estate investment professionals for several reasons.
First, deferring taxes means you can keep growing and diversifying your po...
Currently, I wait for funds to clear for a property I manage from a Tenant I screened and selected to rent my 1st property in Phoenix, AZ. My client management skills transfer from another industry, but I admit I am “...
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Just wondering what your thoughts are on naming a PM company.
For liability reasons, we want the managing company to be separate from the owning entity.
I've considered using my last name for the PM company but ...
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What's the best practice? Do you require the potential tenant to file the application first and show the house after or do you show first?I want to require them to apply first and show only to those I am interested in...
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Can an SD 401K be used to establish an LLC with another non-disqualified individual? LLC would be funded say 40/60 for example purposes, between 401K trust and non-disqualified individual. Apportioned income, gain...
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The IRS released their 2022 list of “Dirty Dozen” tax scams for taxpayers to watch out for. There are many schemes out there that are advertised to create a large amount of tax savings. We are seeing more and more of ...