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17 October 2024 | 9 replies
So really, flipping isn’t about tax advantages—it’s more about building up some solid cash reserves so you can eventually invest in buy-and-hold properties, where the real tax benefits start to kick in.
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17 October 2024 | 19 replies
Here are the Positives:Upfront Payment: The tenant’s offer to pay the full year of rent upfront, along with the deposit, shows a commitment and provides financial security for you in the immediate future.At least She was Honest in Her Communication: The tenant has been transparent about her situation, which can be a positive sign of reliability and sincerity.My Negative Concerns:Her Future Financial Stability: It's only a one-year lease, if her medical condition and financial condition should worsen (Heaven forbid), you may have to face her wanting out of the lease earlier than the 12 months and eventually you may be faced with having to decide not to renew the lease (after her 1 year contract is expired) based upon the sad news of her condition becoming worse, (Heaven forbid).
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14 October 2024 | 1 reply
I would like to convert my current primary residence to an investment and rent the home.
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17 October 2024 | 10 replies
Eventually, I realized I needed to back off.
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15 October 2024 | 3 replies
If you use insurance to make ordinary repairs, it will eventually drive up costs.
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13 October 2024 | 3 replies
Plan right now is to convert these rooms into micro apartment complex.
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14 October 2024 | 3 replies
If you are the "hosting" type then yes converting to a STR can be a great idea.
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10 October 2024 | 2 replies
You could rent out your current unit and buy another house hack, or even convert the whole property into a traditional rental.
15 October 2024 | 6 replies
Eventually, we will get a HELOC on the second condo so that if/when we move, it is already in place.
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17 October 2024 | 47 replies
At first you step on your parthers feet, you get feed back, then eventually you've learned what the network will allow us REI SMSers...