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10 January 2025 | 3 replies
I’ve done 1 rental property and sold it to gain capital and did 1 flip that didn’t go so well so not 100% experienced to say the least.
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3 February 2025 | 2 replies
Typically someone who was communicative turns distant, unresponsive, blows you off when you're trying to talk to them in person, and the tall tale sign of boxes in the hallway.
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6 February 2025 | 5 replies
Providing for the disposition of certain personal property following an eviction.
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17 February 2025 | 9 replies
It’s a business account and I just checked, paying 3.95%, more than my personal one!
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17 February 2025 | 10 replies
I have not done it personally but have some insight, maybe my reply may boost your post to someone with more experience in it.
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17 February 2025 | 15 replies
It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick
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28 January 2025 | 6 replies
My recommendation would be to engage an investment property focused realtor (not a general residential realtor) and let that person guide you through the process from pre-qualification to market/property valuation and selection.
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14 February 2025 | 12 replies
Personally, I would pay off the higher rate first.
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31 January 2025 | 11 replies
You must report rental income on Schedule E and can deduct rental expenses like repairs, maintenance, property taxes, mortgage interest (allocated between personal and rental use), and depreciation for the rented portion.
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24 January 2025 | 0 replies
It’s ideal for investors with some experience in real estate who are comfortable managing renovations and dealing with tenants.If you're a beginner, you might want to start with a simpler buy-and-hold strategy or partner with experienced investors who can guide you through the BRRRR process.