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7 January 2025 | 6 replies
This is the 2ND month the same problem is happening now, we have been with Appfolio for more than 5 years and have about 60 - 80 units collecting rental income through Appfolio and we never had this issue before with the previous Appfolio team.
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5 January 2025 | 5 replies
Having watched many prior co-workers get paid, cash their check at the casino, and promptly deposit it all into a slot machine I can tell you with pretty good certainty that casinos don't have a positive effect on disposable income and good use of the existing income in the area surrounding :)Are there solid local employers OTHER than the casino in a 15-minute drive?
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8 January 2025 | 15 replies
You rent it for one year and create a successful STR business that shows a trailing 12 month net income of $75,000.
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6 January 2025 | 28 replies
However, what if you prefer simplicity, limited risk, and are living off of the income?
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7 January 2025 | 11 replies
-------------------------------------------------------------------------------------------------------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?
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9 January 2025 | 5 replies
But for consistent rental income, most investors stick with C or C+ areas.You’re probably wondering, “What exactly are the C/C+ neighborhoods?”
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6 January 2025 | 31 replies
I want to dispel the myth that laundromats are passive income.
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7 January 2025 | 3 replies
The IRS views it as taxable income because it’s not being used for the purpose of deferring taxes under the 1031 rules.For example, if you sell a property and only use part of the proceeds for the next investment, the leftover amount (after paying transaction costs, etc.) is taxed.
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6 January 2025 | 5 replies
Their income is only 3X rent, they lack credit history, and the household is much larger, which could result in more wear and tear.
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7 January 2025 | 16 replies
It's easier to scale with multifamily properties due to income potential and operations.