All Forum Posts by: Aaron Grant

.........between now and 2020????

A) Going Down (as in some type of correction; thus prices are lower in 2020 than now)

B) Going Flat (between zero and 1% annual appreciation)

C) Going up at reasonable rate (about 3% annual appreciation)

D) Going way up (more than 5% annual appreciation)

@Kimberly H.  I know it can be large.  Why aren't there more people deducting it? 

@James DeRoest  If you are able to deduct hundreds or even thousands of dollars, it is totally worth it to hire an accountant to do your taxes.  

.......and deduct it as part of the expenses for your rental business?  If so, will you lose the home owner's homestead exception for tax purposes?  Do you deduct one room and if so, would that be like 1/4 or 1/5 of your total house expense, meaning mortgage, utilities, property tax, etc.?  

@Andrew Michael are you aware of any local lenders in Frederick, MD that would give out a mortgage for an investment property for 10% down?  

@Russell Brazil  Do you know if you need lead testing done before leasing out a townhouse in Frederick?  What's the procedures like to obtain a leasing license?  

@Russell Brazil What's your thought on the Frederick, MD market for investors.  Say buy a townhouse for sub-$175K and lease it out? 

Are you aware of less-than-20% financing available for investors in the area?  

@Ricardo R.  and everyone else.   What if the applicant is concerned about giving out his social security number?  Are there any services out there that would allow them to fill out the background check information themselves and that service email the report to the landlord, thus eliminating the applicant ever giving out his social security number to the landlord?  

@Felipe Ocampo  I have read many articles that say that condos are not bad investment per se, but not nearly as good as town houses or single houses in most cases due to 1) very little appreciation in value (when houses are going up 5%, some condos stay the same price or merely move); 2) the condo association can reassess it's budget and increase the monthly fee from $300 to $595 if their budget is in bad shape; 3) they can change the rules or prohibit owners from renting out condos.

To me the biggest issue is number 1.  That's where you make the huge chunk of your money from long term through leverage.  

You know what, the Frederick area is looking good for ROI on townhouses. You can buy a townhouse for around $160K and rent it out for $1,400. What I am concern about is how hard or how long it takes to get renters.

@Matt Vaughn  What kind of risk are you referring to?