All Forum Posts by: Victor N.
Victor N. has started 11 posts and replied 18 times.
Post: How much of business expenses can I write off?
- Posts 18
- Votes 7
Thank you!
Post: How much of business expenses can I write off?
- Posts 18
- Votes 7
Hi all, I have a W2 job and this year I started buying SFH rentals under my LLC. How much in business expenses can I write off? Is there a limit? Thanks.
Post: Gutter needed for new build?
- Posts 18
- Votes 7
Hi all, I just completed my first deal. It's a new single family home without a gutter. The foundation is slab without a basement. I'm getting different opinions on whether a gutter is needed. One says I should because it will protect the foundation from the rain, while my property manager says most units he manages there don't have gutters. Any thoughts on this? Thanks.
Post: Anyone invested with Ace turnkey company?
- Posts 18
- Votes 7
https://www.investwithace.com/invest
Interested in hearing about some reviews. Thanks!
Post: Anyone invested with Ace Properties?
- Posts 18
- Votes 7
Quote from @Taha Tekreeti:
I’ve been following Elliot from Ace Properties for a while on instagram and I’m considering buying properties from him. He usually sell properties in North West Indiana and Milwaukee. I was wondering if anyone here has purchased properties from him before and what were their experience?
So can anyone answer this question? I'm also interested to see if anyone's invested with Ace.
Quote from @Dorie Silverman:
Quote from @Jason Anderson:
Yes well you both have valid points. I did choose to get a mentor and it is going well. I am on my way one step at a time. Also yes there is a lot of information out there on YouTube . I take the info relevant to me and leave the rest. There have been times when I do a diy and it comes out great and then there is times when it does not. Lol . For now having a mentor is an awesome choice for me. Thanks for the advice.
Who did you go with?I’m looking for a mentor as well
I ended up with RentToRetirement. They have an Academy, and I'm also now under contract with them for my first property. It has been very smooth so far and they offer great incentives.
Post: Lofty AI - Transactional Investing
- Posts 18
- Votes 7
Quote from @Senate Eskridge:
I have an account, it was very easy. time will tell if I actually make any money.
Any update? Curious to hear your experience. Thanks.
Post: When to transfer a property to a trust?
- Posts 18
- Votes 7
Hi all, first time investor here under contract for a property. I plan to put it under a land trust. When in the purchasing process do I transfer it to the trust (it's being created)? I know there's usually a fee involved in doing so. Is there a way to avoid that fee and purchase under a trust? Thanks.
Post: How much should I insure my first rental property?
- Posts 18
- Votes 7
Hi all,
Just entered a contract for my first rental unit. A SFH priced at 252K, 4 beds, 2 bathrooms and 1 garage. About 1500 sqf and it's a new build. How much insurance should I buy for this? Any general parameters? Thanks!
Post: Home state registration needed for my Wyoming LLC?
- Posts 18
- Votes 7
Thanks Jason.