
22 January 2025 | 15 replies
@Jay Fayz for SFR (1-4 family) Classifications are mostly opinion-based.Not aware of anyone tracking eviction rates, except Evictions Lab nonprofit that doesn't like landlords.Here's some info that might helpt:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

4 March 2025 | 35 replies
Taking out $100K tax-free in 6 months plus cash flow and Cost segregation for a $200K deduction to offset gains for other income.

20 January 2025 | 3 replies
You kind of have to pick a lane - do you want income or 4 units in 4 years?

22 January 2025 | 1 reply
If they notice you have another house and your debt to income can't cover it.

14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

24 January 2025 | 11 replies
@Gregory SchwartzThere's nothing passive about passive real estate income.

15 January 2025 | 24 replies
Median incomes are an insane gap from cost of household/properties.

23 January 2025 | 0 replies
Financing OptionsParent Loan Options: Consider home equity loans, investment property mortgages, or co-signing a loan.Tax Implications: Speak with a financial advisor about potential deductions and capital gains.Rental Income Potential: Explore the option of renting out extra rooms to offset costs.5.

19 January 2025 | 18 replies
Different lenders can view income in various ways depending on who you speak with.