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17 January 2025 | 19 replies
Riskier assets are lower percentages.
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17 January 2025 | 21 replies
Summit county (Akron) has a much lower sales tax rate (6.75%) than Cleveland (Cuyahoga at 8%).The MLS in Akron shows homes at similar if not cheaper homes but for a good reason.
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5 January 2025 | 0 replies
A balanced market typically has around 6 months of inventory, so anything lower suggests a seller’s market with limited inventory.🎆 Las Vegas Rings in 2025 with a Bang!"
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9 January 2025 | 28 replies
Ideally, no more than 5% over median and no lower than 15% under median.
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10 January 2025 | 67 replies
Is it lower risk than flipping, rehabbing, or owning a property leveraged at 65%+ LTV?
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6 January 2025 | 5 replies
The couple's current rent is similar to ours The sister is has no rental history due to a recent divorce.We're torn given 2 out of the 3 people have lower credit scores and it's not a family moving in.
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7 January 2025 | 13 replies
On the other hand, if you're working with a lower budget and cash flow is your priority, say under $180k, Cleveland is the place to look.
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7 January 2025 | 22 replies
Others wont touch anything lower than $500 in cash flow.
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7 January 2025 | 5 replies
if it is a BRRRR you'd pay the seller off when you refinanced into long term debt, either conventional or DSCR.i don't know anything about the location, market, etc. but if it needs a 40K rehab, you need to push the purchase price even lower than 140K, or it will not work as a BRRRR.
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8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.