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21 January 2025 | 19 replies
I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly.
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21 January 2025 | 4 replies
At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.
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21 January 2025 | 27 replies
Too many low income apartment buildings near by / vacant buildings.
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17 January 2025 | 3 replies
He calls and tells me "the income to mortgage isn't 1:1 and he is going to have to let the lender know."
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22 January 2025 | 4 replies
Additionally, Airbnb income during this period could generate steady cash flow, though market conditions and regulatory risks should be considered.
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20 January 2025 | 3 replies
The intent of getting a sales agent license is to educate myself in Real Estate and create some additional income.
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23 January 2025 | 16 replies
I needed to find a passive real estate income stream that would work within the IRS’ self-directed IRA (SDIRA) rules.
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12 February 2025 | 27 replies
Been interesting if we as a state get rid of personal income tax.
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15 January 2025 | 13 replies
I could be wrong.What you tell contractors is: if you do not separate labor from materials, then I have to report my ENTIRE payment, L&M, to the IRS as your income, and then it will be up to you to deduct materials from that income on your end.
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16 January 2025 | 2 replies
You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.