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18 February 2025 | 9 replies
Be mindful that there are rules that the lenders want you to check off.Furthermore, there are other rules on the tax side where you want to normally be under to get the most tax benefits.The magic number in both instances is '14 days'Lenders want you to stay atleast 14 days to meet the secondary home requirement.The tax accountant normally wants you to stay less than 14 days or 10% of the days it was used as a rental to treat it as a rental and not as a personal residence.Best of luck!
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22 January 2025 | 10 replies
A couple of follow up questions. 1) After the 1031 exchange, and then after the follow on 721 contribution, I own an interest in a partnership held by the UPREIT.
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18 February 2025 | 17 replies
Also insurance is much cheaper in SC than FL.
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21 February 2025 | 5 replies
There have been some very good spreadsheets posted on here in the past that you can search for and find.A spreadsheet is going to be much easier to use and play with different numbers than an app.
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13 February 2025 | 7 replies
WAY cheaper than then thousands if not 10’s of thousands in extra interest.
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23 February 2025 | 0 replies
Homes are typically on the market for about 56 days before selling, slightly longer than the 43 days observed last year.RedfinThe number of homes for sale has risen by 6.6% from December 2024 to January 2025, totaling 3,131 active listings.
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17 January 2025 | 14 replies
Consumer reports even has a report about how they're better than all the $300+ toilets.
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12 February 2025 | 6 replies
Buying a mobile home to place on your land can be a great way to generate rental income, but like any investment, it comes with pros, cons, and key considerations.On the pro side, mobile homes are typically more affordable than traditional single-family homes, meaning lower upfront costs.
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20 February 2025 | 3 replies
It’s waaaaay easier for a company to fail or be unable to pay rent than you think.
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23 February 2025 | 9 replies
The price point is much lower than California and you can find solid cash flowing rentals anywhere from $120-180k.