4 June 2025 | 0 replies
Appraisal district has neighbor 3-2 double wide at$245k and ours @ $242k and only 1 lot that is about 2/3 size of 1 of our lots.
5 June 2025 | 10 replies
Everything has their own situation and no answer is a one size fit all solution.
5 June 2025 | 5 replies
Pittsburgh is not one size fits all market.
5 June 2025 | 4 replies
I would also add:- Avoid five bedroom properties, or sizes and options that are unusual in your target neighborhood; it will be difficult to sort out market rent.- Avoid properties that have items/areas that can't be tenant proofed.
4 June 2025 | 5 replies
In your case, 2 days at Property A and 3 at Property B—you’d typically split expenses as follows:Mileage ($700 total): Allocate by days—2/5 to Property A ($280) and 3/5 to Property B ($420), unless there's a more precise method based on actual distances.Hotel ($300): Deduct 100% to Property A, since the lodging was only used while working there.Meals (per diem or actual): Split by day—2/5 to A, 3/5 to B.For tax reporting, each portion of the expense is deducted on Schedule E, under the specific property that incurred the cost.
4 June 2025 | 6 replies
Same street, same size, same level of renovations.
3 June 2025 | 1 reply
However, if it helps with tracking and managing on the backend, you can break it out separately in your books by using separate accounts for state and county portions.
4 June 2025 | 1 reply
So, since 2019 they increased the size of their company by 3,000% while also selling off their original investments.
3 June 2025 | 17 replies
In fact, I don't like that I have to finance that portion with most HML because I have that liquid.
4 June 2025 | 7 replies
The money is guaranteed (at that most of it, usually the tenant has to pay a small portion).I've found the tenants to be slightly more high maintenance and a bit tougher on the property.