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13 December 2024 | 7 replies
I want to ensure I’m saving appropriately for a down payment and that the property will generate enough income to cover all related costs.Any insights or recommendations would be greatly appreciated.Thank you!
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10 December 2024 | 12 replies
Quote from @Jinglei Shen: I am building my investment portfolio(duplex) in Ohio Cleveland, a few properties i have analyzed with net cashflow around $100 to $290 here is one deal I am analyzingDuplex generates $1590 income /month together,purchase price $123,000rate 7.5%, downpayment 25%5% vacancy, 10% mgm fee, $1400/year insurance,10% capex, 5% maintenance,COC is 8.73%monthly net cash $277this deal meets1% rule, bring in positive cash, my question is it in normal range in Ohio Cleveland market?
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12 December 2024 | 6 replies
We’ve found that traveling healthcare professionals are typically great tenants—responsible, clean, and reliable.
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13 December 2024 | 6 replies
., selling a non-grouped rental property in a taxable sale to a non-related party, both current and suspended passive activity losses generated by that activity can be deducted.
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6 December 2024 | 6 replies
To stay ahead of any issues, we offer coordination of gutter cleaning and furnace tune-up every fall and spring clean-up every spring. 4) Own the outcome—This is the philosophy we live by.
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11 December 2024 | 14 replies
During this time you are not generating any return from the money invested in the ADU.
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13 December 2024 | 7 replies
The main reason to do a cost seg study is to generate bonus depreciation, which creates passive losses.
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11 December 2024 | 0 replies
This could free up more cash flow to reinvest in your deals.But here’s where it gets interesting: making the transition to an S-Corp can require a more organized financial structure, which includes separating your accounts, keeping clean records, and being prepared to pay yourself a reasonable salary as the business owner.
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12 December 2024 | 13 replies
You can get a shorter, simpler one drawn up by an attorney, I know some guys use a nice clean 1 page doc, but if you're going to be doing a lot of business in Texas it's good to get familiar with the TREC forms.
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23 December 2024 | 34 replies
I use the 1% rule to quickly assess if a property is likely to generate enough income to cover its costs and potentially provide a profit - it's a guideline - so, don't miss out on good investment property by being rigid when applying the "guideline" to rental properties.