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20 December 2024 | 9 replies
I'm a 30 year old husband and soon-to-be dad in a dead end sales job in Alabama.
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31 December 2024 | 13 replies
I guess my challenge right now is to define the strategy and balance all the factors, such as job and population growth (value increase), cashflow (demand & supply market, interest rate, property tax, maintenance cost), and risk control (insurance etc).
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20 December 2024 | 0 replies
There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.
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13 December 2024 | 5 replies
I would apply to all of my dream homes and trust that the landlords can't refuse me because I would be protected under the Fair Housing Act.
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29 December 2024 | 15 replies
Ben Russell has done an excellent job of covering differences in the lease.
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20 December 2024 | 4 replies
@Chris Kay beleive you can do DSR loans without a job as they qualify the property, not the borrower.You'd still need 20-25% down though.That's where you have a decision:- Pay down the mortgage, setting yourself up for a future refinance to free up your VA Entitlement.OR- Save up for your next acquisition.Only YOU can make that decision as you have to be comfortable with the increasing debt-load risk and the additional time to manage everything.
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19 January 2025 | 354 replies
She's smart and I would expect she will do a great job with AHP.
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22 December 2024 | 8 replies
I have a job with steady income but I want to stop working by the age of 27.
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19 January 2025 | 147 replies
One appeared visibly unoccupied, with a mattress and other debris on its porch and its upstairs windows boarded up.Of the remaining seven homes, The Inquirer was able to question residents of four about whether they continued to be charged rent.All said they had been.One tenant, Shanna Anderson, said she stopped being able to afford her $1,750-a-month rent to DHI Fund and RAD at her Parkside rowhouse after losing her job at a real estate brokerage during the pandemic.In late November, RAD threatened to evict her if she failed to pay $6,530 owed for unpaid rent since August.Her home’s rental license has been inactive since late July, according to L&I records.
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22 December 2024 | 2 replies
Job, family, retirement, location, world, moving, etc3.