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23 July 2024 | 15 replies
I also agree always raise rent by minimum of $25 except for rarities such as 1st year of covid.However, I will turn around the statement “A tenant is unlikely to move for $20 a month.” to “it would be a shame to lose an outstanding tenant for $20/month”.
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21 July 2024 | 10 replies
This would take some significant thinking - and maybe wait to see if 199A will actually be around past the end of 2025.All of these (except the 199A) are tax deferral strategies - it is accelerating deductions now for tax savings now, for less deductions and more taxes later.
22 July 2024 | 7 replies
Hello, I think it’s really awesome that you’re just now beginning and you are already coming to the forums to learn so the first thing you need to do is to continue to stay on the forms and you also need to be reading all of the bigger pocketbook and start listening to their podcast to soak up as much knowledge as you can and as long as you do that, you will have all the knowledge you need to start and regarding your question I do not advise to buy a single-family house just to live in it without a rental property aspect so it’s OK if you want to live in the house as well but you will have to either get a multifamily property or you could also buy a single-family home and rent out the other rooms now see when you have a property that you use just for your family then you have to pay the mortgage every month which is building your equity, but that responsibility is solely on you whereas if it has some sort of rental property aspect, there will be other people helping you build that equity if you were to buy a property just for yourself that is something that will be taking money out of your pocket every month while as a rental property if you buy right will be putting money in your pocket every month the only exception to what I just said is if you buy a property for yourself or just for your family to live in, you could do a live-in flip to where as you’re living in the property you rehab it while your living there and if you buy right with enough knowledge, then when you turn around to sell the property, you will make profit
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21 July 2024 | 2 replies
There are exceptions, but plan on that amount and you'll always be prepared.
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22 July 2024 | 8 replies
Tbh it’s really not a great time to invest right now, the yields are for the most part with a few exceptions below what you can get in a bond/stock.
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20 July 2024 | 0 replies
I found one is Sonora CA who is willing to do this, but I have to negotiate with Safeco to get them to allow this exception to the July 1 deadline; however, I would not have needed the exception if I'd gotten the Non-renewal notice in time.Thanks in advance for your suggestions !
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20 July 2024 | 0 replies
I can't seem to get to the Pro area except by accident from trying different options.What am I doing wrong?
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22 July 2024 | 38 replies
First off, you can provide all the links you want about $1266 being the maximum including utilities that section 8 offered in 2021 or even 2020 for that matter but the LARGEST section 8 agency in Detroit (with perhaps the exception of Detroit Housing Commission, aka DHC.) and Michigan which is Michigan State Housing Development Authority, commonly known as MSHDA approves up to $1478 including utilities.
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21 July 2024 | 35 replies
I did this all virtually except I went to closing.
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20 July 2024 | 7 replies
Building a strong team is vital as well.