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Results (10,000+)
William Johnny Pay off debt first or invest first
25 September 2024 | 17 replies
Use the profit ONLY to pay off debt, and keep investing the principle
Diem N. Dryer Vent Cleaning - who pays for it?
26 September 2024 | 11 replies
Last cleaning cycle, I had two of my properties with disconnected/damaged vent ducts that essentially vented the dryer into the basement (in one case) or the attic (in the other case).  
Josh Ennis Advice for Aspiring Spec Builder?
25 September 2024 | 6 replies
These connections will be essential as you begin identifying growing markets, securing land deals, and navigating new construction loans or cash investments.
Lilly Fang For flip, should I have an LLC or just as an individual? What about BRRR?
25 September 2024 | 5 replies
You can already write off expenses like mileage and meals as a sole proprietor, which is essentially what you’re doing now.For BRRRR, keep in mind that refinancing a property owned by an LLC can be more difficult, as many lenders prefer to deal with individuals.
Darrick Lowe How to split heat and hot water amongst tenants?
27 September 2024 | 14 replies
Also they remove the need for a chimney and individual water heaters since the exhaust is essentially moisture. our HVAC does most of their work in the city if you want contact info- He's installed 3 for us just this last year lol In basic terms It would involve:-Permits / approval-Additional Meters X 3 (all thru UGI, they coordinate with contractor)-3 additional units to accommodate each apartment.
Joe Morello "Price Improvement!" - Is it really?
25 September 2024 | 0 replies
While this term might sound like a positive development, it is essentially a rebranding of the traditional "Price Reduction."
Josh Young Buy and Hold "the best strategy for building long term wealth"
24 September 2024 | 7 replies
@Drago Stanimirovic thank you, and you are right I will probably do cost segregation studies at some point, but so far I have still been able to get to a loss on my taxes using the straight line 27.5 year depreciation schedules, I will probably do the cost segregation studies once I can't show a loss anymore, which will happen at some point as the rents increase and the amortization schedules shift to more principle and less interest.
Tyler Speelman Convert STR to primary to avoid depreciation recapture?
25 September 2024 | 10 replies
I cannot recall rate we pay - but essentially answer is you still pay.Also the 250k/500k primary deduction is prorated as well depending on how long rental vs primary.
Bruce Woodruff Any experience with the HomeLight program?
24 September 2024 | 1 reply
Home Light is a company that will essentially loan you money against the equity in the house you re selling.