Tove Fox
Nevada, Ohio, Michigan, Pennsylvania Out of State Investing
20 January 2025 | 22 replies
@Tove Fox hope you find this copy & paste useful:)-------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Rory Darcy
out of state investor wanting to invest in wisconsin or illinois
27 January 2025 | 12 replies
@Rory DarcyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Albert Gallucci
How do you detirmine the class of a Property
27 January 2025 | 12 replies
Below is some copy & paste info about our methodology:----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Nathan Nathan
Help required to create LLCs in Wyoming/Georgia/Michigan
27 January 2025 | 11 replies
And how will it impact anonymousity ?
Balachandar Duraiswamy
Rental property - Advice
7 January 2025 | 3 replies
Depending how much of the neighborhood is a hot zone for renting rather buying, and which Property type is performing better than the other (meaning 1bd 1ba 2 floor renting out faster and much more consistently than a 2bd 1ba 1 floor), you can make your choice of those factors as well as other ones that impact your decision for what you wanna do with your investment.
Christopher Helwig
Multi-media Documentation of Flipping for Potential Buyers
9 January 2025 | 3 replies
My problem is how to measure if it has any impact on sales price or time on market.
Chris Magistrado
Digging Into the Justice Department’s Lawsuit Against Major Landlords
12 January 2025 | 8 replies
It’s not every day that accusations of rent manipulation make headlines, and I wanted to understand how this impacts the millions of Americans struggling with housing costs.
Account Closed
L.A. Wildfires and Their Tax Implications for Affected Residents
9 January 2025 | 0 replies
Beyond immediate safety concerns, the long-term financial implications, including taxes, are a pressing issue for those impacted by the disaster.
Ricky Reddin
Renovation On A Property
12 January 2025 | 7 replies
my condolences on your recent lost.there are a few ways you can do this, as mentioned above you can take a heloc on your primary residence which will give you a second mortgage, first mortgage payment wont be impacted. you can do cash out refinance which will give you one mortgage and payment. it will pay the old mortgage and give you money in your pocket to pay for the rehab.or you can do a renovation refinance which is similar to cash out refinance but we would contractor involved as part of the refinancing and they are paid through the loan
Heather Bailey
Insuring your House Hack
13 January 2025 | 6 replies
For added liability protection, consider setting up an LLC for the rental, though this may have limited impact if the mortgage is in your name.This post does not create a CPA-Client relationship.