Walchli Donna
HELOCs - Calculator tool, Relinquished Debt with 1031
12 September 2024 | 1 reply
. $160K and I have roughly 15 months remaining on the 5yr borrow period.
Nicholas Jose
My New Landlord Transition Letter - please critique!
14 September 2024 | 19 replies
[RESIDENT’S LAST NAME], for your diligent cooperation during this transition period.
Nazimuddin Basha
Strategies to Combat Negative Cash Flow Due to Property Tax and Insurance Increases
11 September 2024 | 9 replies
Might consider a longer amortization period with maybe an interest only option on the front end.
Naveen kumar Vadlamudi
1st deal - Please help on the Analysis and pricing.
12 September 2024 | 4 replies
If this was brought to me as an investor my first thought would be how feasible it is to double the rents and in what time period you're looking to do that.
Dan Stelmach
Capital Gains - Best ways to reduce
11 September 2024 | 10 replies
I bought it off market at a great deal with a conventional mortgage as a primary residence with the plans to rent it after the 12 month period has passed so I can legally rent it.
Nakul Patel
Looking to buy investment property
13 September 2024 | 16 replies
. - Tenants are incentivized to not damage the property (can lose their voucher if they are found liable)- In my experience, tenants tend to stay for longer periods of time rather than non-section 8 tenantsCons- The unit is required to meet a certain standard and pass an inspection prior to tenant occupying the unit - Tenants tend to have a lower credit score than most landlords were prefer Happy to connect and share my experiences as an out of state investor and share some additional tips.
Alesha Walker
Taxes Went Up - UHOH! Refi??
12 September 2024 | 9 replies
(after pay off, and cover insurance and taxes, profit of $1100 per month).Problems: We initially were trying to get properties paid off in 15 years or less so we would have profits every month in a short period of time.
Aaron Lancaster
Water Dripping Down Siding
11 September 2024 | 4 replies
The sides and back are one-story, and I can easily clean those gutters myself during turnovers.I’m also considering that periodic gutter cleanings might be more cost-effective than following the tech's recommendation.Does this quote and the suggested work seem reasonable?
William Pichardo
Need Advice: BRRR Strategy for 1st Time Buyer
12 September 2024 | 15 replies
Do BRRRR on steroids, where you act as your own HML and get your 100% money back within a month (not the whole seasoning period).
Jane Dang
New fence replacement on rental property is deductible or depreciation
11 September 2024 | 18 replies
The IRS considers fence replacements as improvements that extend the life or value of the property, even if it’s replacing an old, damaged fence.The depreciation period for a fence on a rental property is 15 years under the Modified Accelerated Cost Recovery System (MACRS).