LaTonya Clark
Lender- 40 year loans
20 January 2025 | 31 replies
As long as the buyer prioritize lower monthly payments and is confident that they can manage the long-term cost of a 40-yr loan - If the buyer plans to stay in the property for a long time.Also, be sure to weigh these two drawbacks to a 40-year loan (paying significantly more interest over the life of the loan and building equity slower as compared to a shorter loan term).
Nicholas Woo
what are your thoughts using Anderson advisors?
21 January 2025 | 31 replies
They claim only 2-3 percent of the companies are audited so the more clientele they have the percentage of audits will be less even if they make some calculated risks.Few Deductions they highlight which you can get with proper planning and right CPA.1) 119A - Revenue stream bifurcation2) Augusta Loophole 280A - use primary residence for 14 days of business and pay you back without tax implications.3) Paying your medical and children education fee using c-corp4) offcourse the famous charitable llc - another program and package.Thanks for the insight.
Andy Sabisch
Question on tenant smoking marijuana
8 January 2025 | 9 replies
you can always call or email the tenant in regards to this matter. i personally smoke as well and just would want my tenants happy and not feeling accused as its a big problem with a lot of tenant v landlord situations around the country. you can always say you got a report of the odor of weed and was just verifying the smell with both tenants on the property. you can restate your conditions with smoking. you can always ask if they are legally able to do so as well (meaning medical card). depending on how you want to handle it, if you want to make it a legal warning to the tenant as well, you should write a written letter sent by mail stating you got a report of weed and this is a written warning in case this a problem down the road, you have evidence to show the court if it gets to that matter that this is not your first occurrence. best of luck!
Patrick Russell
Debt pay down with 401k
30 December 2024 | 2 replies
Hello, I have a primary residence and about $10k in bad debt (not including car note, student loans and a small medical bill).
Marc Shin
How to market to ideal guests or Avatar during the dead of winter
2 January 2025 | 12 replies
If you're open to mid term renting (we transition to this during our slower season), I'd also recommend speaking with the university and trying to see if you could try to be the source for their mid term housing.
Jonathan Greene
How to Diversify Your House Hack to Recoup More Cash Flow
30 December 2024 | 4 replies
MTR attracts a lot of traveling medical professionals and WFH individuals who need a quiet space during the day, which may not be compatible with families living in the attached LTR.
Duke Butterfield
Sell or Rent? (Self-Manage or PM?), 4 year-old Primary Residence to Rental Property
27 January 2025 | 14 replies
I heard you mention that you worry about Tenant placement after the medical resource you have now dries up.
Richard J. Kalnitz
Not really a new member but still a rookie having good luck with cheep old houses
28 December 2024 | 2 replies
I left that job to join Roche Tissue Diagnostics where I repair medical instrumentation across the Midwest.
Gash Nookala
Newly built property in Huntsville in Market for rent for more than 2 months
23 December 2024 | 9 replies
@Gash Nookala,Renting can indeed be slower in winter, but here are some tips to boost interest:Enhance Listing: Ensure your listing has detailed descriptions and high-quality photos—consider professional photography if needed.Competitive Pricing: Double-check local comps; even a slight price adjustment or incentives (like a reduced deposit) could attract more interest.Broaden Marketing: Beyond Zillow, Hemlane, and MLS, use social media, community boards, and local business connections to reach a wider audience.Flexible Lease Terms: Offering shorter or month-to-month leases might appeal to tenants during this slower season.Local Property Manager: A local pro can tap into their network and help fill the vacancy faster.These steps should help you find a tenant despite the seasonal slowdown.
Keenan Patton
[Calc Review] Help me analyze this deal
26 December 2024 | 4 replies
You would be coming onto market at the prime time and its in downtown so hopefully it'd be contracted for the sell within a month, but northern Cali is a slower market sometimes since we're not as densely populated so id say 3 months.