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22 July 2024 | 19 replies
So I don’t think you will see the same level of appreciation with mobile homes as you would with brick and mortar real estate - so i would recommend buying traditional real estate.
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19 July 2024 | 7 replies
I would just say that recently in my experience diversifying out from STR into motels/boutique hospitality has been high risk and set some people off path - it can be a very lucrative and good move - however, if you are having a lot of Success with traditional STR - it seems like a lot of people are looking back and saying they wished they stuck with that and expanded with what was already working!
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19 July 2024 | 12 replies
In other words, attempts to bypass payroll taxes and gift/estate taxes.I'm not for ignoring the rules, especially when it takes so little to comply.
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16 July 2024 | 0 replies
Are you connecting your traditional bank accounts to the platform?
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19 July 2024 | 4 replies
@Wendy ThurstSimply get a regular/traditional home insurance policy.
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19 July 2024 | 7 replies
Many banks won't do a traditional HELOC on an investment property, but they will do a Line of Credit, usually at 75-80% LTV, which typically renew yearly.
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22 July 2024 | 82 replies
Basically they were making these into more traditional transactions with a commission attached.To further complicate it, the NAR clear cooperation policy meant you couldn't share those off market any more without incurring a $500 fine, so they would basically end just going to market anyways in that case.
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20 July 2024 | 11 replies
I have some debt I am paying off quickly (avalanche) and am wondering if I should try to get two loans, one from VA for my house and the other traditional for a rental property spread out over time while I'm paying this debt off, or wait a few years and be much more debt free.
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20 July 2024 | 32 replies
This can help offset your mortgage and other expenses.Single-Family Home: If you choose a single-family home, you may have the option to rent out rooms or a separate unit if there's space, but the income potential might be lower compared to a duplex.Affordability:Duplex: Financing a duplex might be more challenging, but the rental income can assist with affordability.Single-Family Home: Single-family homes might be more accessible for first-time buyers, but you won't have rental income to offset expenses unless you choose to rent out a portion of the property.Property Management:Duplex: Managing a duplex involves dealing with multiple tenants and units, which can be more time-consuming than managing a single-family home.Single-Family Home: Managing a single-family home is typically simpler since there's only one tenant.Privacy:Duplex: Living in a duplex means you'll share a building with tenants, which could impact your privacy.Single-Family Home: Offers more privacy as you won't be sharing the property with renters.Market Conditions:Duplex: In some markets, duplexes may offer better appreciation potential and cash flow due to the rental income.Single-Family Home: Depending on the location, single-family homes may have better long-term appreciation potential.Long-Term Plans:Duplex: If your goal is to accumulate rental properties, starting with a duplex can be a good way to get into real estate investing.Single-Family Home: If you prioritize a more traditional living arrangement and don't want to manage rental units, a single-family home might be a better fit.
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17 July 2024 | 7 replies
This is to prevent someone from piercing the veil to ultimately bypass the LLC and sue you personally.