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6 November 2024 | 12 replies
So our cash flow was reducing during our hold due to poor ADR increase and large insurance and prop tax increases.
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7 November 2024 | 5 replies
The idea is to purchase a single-family residence where they would help cover the mortgage, or at least reduce my monthly payments.I’d love to hear from anyone who has experience with house hacking!
10 November 2024 | 19 replies
This allows you to get an RFC (tax ID) and report your income on platforms like Airbnb or others, reducing the tax rate to 8%.
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7 November 2024 | 6 replies
A cash flow study should be performed to ensure that the refinance does not drastically reduce the property's return.Good luck!
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6 November 2024 | 7 replies
If you do not want to do that, then you would have to ask the seller to reduce the purchase price by that dollar amount.
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6 November 2024 | 18 replies
Anyone you hire is merely there to reduce the burden on you and make your life easier, you are still the one in charge always always always.
7 November 2024 | 8 replies
Unresolved code violations, such as unpermitted modifications, could impact your ability to refinance or could reduce the property's appraised value, affecting loan terms.
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7 November 2024 | 7 replies
Honestly it’s all about opportunity cost.If that additional cost is going to yield you more than it costs; then pull the trigger .If you borrow a down payment, it’s going to reduce your cash on cash return as your mortgage payment is increased.
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5 November 2024 | 0 replies
You can deduct the cost of labor and parts to maintain or repair your business assets, as long as the expense doesn’t prolong the useful life of the asset or increase the value of the asset.Tangible Property Repair Expenses That Are Deductible:Replacement of LightingRoof repairsResurfaced external or interior floorsResurfaced parking lotsInterior or exterior paintingReplacement of doors and windowsRekey locks
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1 November 2024 | 8 replies
I guess this is a perk of buying at the peak of rates now that the Fed wants to reduce rates in the near future.