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12 January 2025 | 8 replies
I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?
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5 January 2025 | 33 replies
Toledo, Cleveland, and Dayton would get you a nice turnkey property at that price point
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10 January 2025 | 4 replies
My gut feeling and research is telling me the sellers did a poor job on the breaker panel and wiring.
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2 January 2025 | 13 replies
Quote from @Mike Grudzien: Two thoughts:1) stay in your STR for a day or two and you'll discover things it needs or that would be nice to add2) use several touch-points to communicate with Travelers/Guests.
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10 January 2025 | 11 replies
I have seen these circumstances; people die, go out and buy a car, lose their job, etc… Just my own two cents, I’m not an attorney, just play one on TV
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14 January 2025 | 17 replies
I did get grandfathered in and the area where I bought is in a nice part of town.
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19 January 2025 | 9 replies
(+1 sub)speaking of uncut gems. it's interesting that was the movie you were going to watch, given your situation. can't really compare RE to gsmbling, but the guy had heart and wouldn't give up for nothing. great job on persevering thru this storm!
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7 January 2025 | 12 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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12 January 2025 | 23 replies
I lived well below my means, worked a full time job for years while doing this on the side, persisted when others did not... and now I am enjoying the fruits of my labor.
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2 January 2025 | 16 replies
If we stay with our high-paying jobs, we can carry the properties, but we(spouse and I) are too afraid to invest in Class B or C neighborhoods.