Account Closed
Section 8 hedge against recession or STR
26 August 2019 | 18 replies
But the data shows that they still will go on vacation, just probably not to Aspen.The combination of STR's, low incomes, and B class properties has worked well for us.
Daniel Huynh
Looking to invest in Knoxville
21 September 2019 | 8 replies
Is it an influx of new people and whats the main draw - employment, entertainment, outdoors, quality of life?
Shawn Sexton
30 Year Housing Clause
14 August 2019 | 4 replies
Here is an example of what we deal with: in Richland County (SC) the AMI for a family of two is a combined 44,750.
Emily Alspach
First Deal - Triplex------thoughts?
19 August 2019 | 6 replies
Here's our potential first deal we would Love to hear feedback:Property Appraised 190kAsking price 130kTriplex with combined rent of $1450/month (currently rented, could raise slightly if needed)Financing:Loan for propertyDown payment HELOC from our homeOur goal is to get started in multi family units in order to grow a portfolio and use equity from rentals to purchase more.Thoughts?
Patrick Reisinger
Lending in Baltimore area
16 March 2021 | 10 replies
This reply does not apply to the financing issue but rather, combining all rental properties into one LLC.
Bryan Falk-Steinmetz
Capital Gains Tax On A House Hack
27 August 2019 | 5 replies
Its a great combination to create some margin in your personal finances without paying tax.
Rita Rosa G.
Tenants refusing to pay utilities in full
22 August 2019 | 9 replies
Unfortunately, the duplex utilities are combined as one (the duplex shares the ac unit, water, and electricity). (1.)
Tudor Pop
Out of town investor visiting CLE looking for good contacts
21 September 2019 | 8 replies
You've most likely visited Cleveland already so use the "Ultimate Guide" as a BASIC framework, combined with what you saw on your visit and determine where you want to buy.As an FYI I do know of a lender that will do mortgages for properties in the $40K to $50K range in Cleveland so if you need their info, let me know.
Kabir Gandhi
Deducting Losses on Sale of Primary Home converted to Rental
23 August 2019 | 4 replies
To determine the treatment of section 1231 gains and losses, combine all your section 1231 gains and losses for the year.If you have a net section 1231 loss, it is ordinary loss.If you have a net section 1231 gain, it is ordinary income up to the amount of your nonrecaptured section 1231 losses from previous years.
Jessica Riley
Renting an apartment while getting a rental property
23 August 2019 | 2 replies
No other credit card, student or car debt.Will a mortgage broker look at the finances and say no, you can’t afford both your personal rental and an investment property since combined they become over 43% of income?