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22 January 2025 | 5 replies
From what I read (last week when someone else asked a similar question), only foreigners who are permanent residences or some of those here on work visas are allowed to buy a home.
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16 January 2025 | 5 replies
After watching some of the podcasts and reading posts I am set on starting my real estate journey utilizing the house hacking strategy.
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12 January 2025 | 10 replies
I have had a couple of clients just get the loan approved with the long term rates and then the bank really doesn't care how they get it rented out after.
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25 December 2024 | 12 replies
I got an unsual response to a listing of mine today:Good morning, We are home health care agency, and we want to rent the house to care for disabled or elderly clients that are unable to care for themselves 4 -6 unrelated people.
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16 January 2025 | 7 replies
You might want to go to Avalara - https://www.avalara.comAnd read up on what they can do to help.When I looked it up on VRBO, they don't list Michigan at all for remitting taxes so I would give them a call.
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15 January 2025 | 5 replies
@Aishan Gonaduwage what specifically have you read, and how OLD was it, about Detroit being on the decline?
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2 January 2025 | 13 replies
No idea.. nor do I care :) Ohhhhhh snap.
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19 February 2025 | 88 replies
I am very conservative so I want to be careful in how I frame expectations.
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9 January 2025 | 32 replies
Quote from @Bob Dole: All,Apologies for the newb question, but I just heard about cost segregation and have been reading up about it online.My understanding is this (and please correct me where I'm wrong):Pros: -accelerate depreciation, front load (vs. just a straight line over 39 years) -save money on taxes because of the depreciationCons: -if I sell the property, the recapture will be larger -not recommended if you flip propertiesSo hypothetical situation:-Majority of our income is W2 based, let's say it's $500k-Net income from commercial rental is $100k-Income from dividends and interests is $100k-Both of us are full time W2, so non-prof real estate (but this can change -- please see below)So we're hypothetically grossing $700k a year.
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13 January 2025 | 4 replies
Be careful asking such questions.