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4 December 2024 | 33 replies
@Edward Suess-Hassman you won't be able to cashflow if you buy Class A or B property - unless it is a:1) Desperate seller and you get well below market price2) A major fixer-upper that you can invest your sweat-equity inYour other options are:1) Invest in Class C - but only do if you undertand 20-25% chance of tenant nonperformance and a lot of maintenance issues.2) You invest in another part of the country.DM us if you have more questions.
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3 December 2024 | 19 replies
I have seen properties show up as far as ~$50k lower in annual revenue than in realized income, so know that the numbers aren't always perfect!
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27 November 2024 | 9 replies
Operating Expenses includes taxes, vacancy, utilities, insurance, maintenance, and management fee.
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26 November 2024 | 46 replies
. $15,000 to $50,000 tax free annually.
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26 November 2024 | 5 replies
However, capital losses cannot directly offset rental income, though they can reduce up to $3,000 of ordinary income annually and carry forward.
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26 November 2024 | 11 replies
I would add that this is a geat time to reassess not only insurance coverage but any recurring expense as well as maintenance needs.
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27 November 2024 | 9 replies
These loans are geared towards those with lower credit scores, allowing them to live rent-free and cover mortgage, insurance, taxes, and maintenance costs.
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26 November 2024 | 7 replies
To be honest I wanted to dissolve that LLC mostly because I didn't want to continue paying all the annual fees associated with it
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25 November 2024 | 11 replies
Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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29 November 2024 | 27 replies
This is expensive from an initial capital and maintenance standpoint and I've been on the hunt for a better way.One option that I've found is installing BTU/Flow meters (Istec 4440) on the supply and return lines for each heating zone (one zone per unit).