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29 January 2025 | 8 replies
Keep your payment at no more than 35% of your income and minimize your credit card and auto debt.
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4 February 2025 | 11 replies
Our two story more family homes started at 500k and have ended up at 675k to 725k.. with our original nets at 100k ( was the goal) to now we are 100k to 150k NET NET NET on those.. we have 17 more to deliver and 11 are presold at those high numbers and so if I can keep lumber where i need it we should have a very nice last year of the project.
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29 January 2025 | 2 replies
Since you already have an offer, it’s not really about whether the property will sit for six months, it’s about whether keeping it makes financial sense.
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30 January 2025 | 5 replies
Either idea is good - wholesaling your leads or keeping them, or a combo.
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28 January 2025 | 27 replies
I also have camera's on many of my multi-families so that helps(only on exterior)Keep pushing man!
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7 February 2025 | 40 replies
They have a vested interest into keeping everyone happy because it is way easier to keep a client then to go find a new one.
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2 February 2025 | 9 replies
Based on this of course it would still be risky, specially being the first time but better start somewhere than just keep analysing properties right?
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31 January 2025 | 3 replies
If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.
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30 January 2025 | 6 replies
Keep it seperate imo.
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29 January 2025 | 10 replies
@Marc Shin, Soundproofing is definitely something worth tackling for a short-term rental—it’ll keep your guests happy and help you avoid complaints.