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19 January 2025 | 7 replies
Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.
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22 January 2025 | 3 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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10 February 2025 | 10 replies
Harder to qualify for cheap/free money as you collect more homes.
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23 January 2025 | 11 replies
I've had tax companies lie to me about this and I ended up wasting money on unnecessary entities.
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21 January 2025 | 8 replies
These programs offer options for less money down and in some cases DPA - Down payment assistance.As a banker for over 18+ years I am very skeptical when I hear a new name in the business only because its become tougher to lend with all of the new laws and credit/insurance requirements and regulations.
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31 January 2025 | 5 replies
One option I have is to demo and rebuild the house using insurance money but it will take about a year and lot of involvement.
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27 January 2025 | 1 reply
Buyers and sellers should consider some amount of closing money be held in escrow after closing to cover potential problems with the non-responding tenants.Does anybody have any experiences to share with successful use of a Tenant Estoppel Letter, or times they wish they'd know about this tool before entering a Purchase and Sale Agreement?
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21 January 2025 | 15 replies
You can get more money on either of those avenues..
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20 January 2025 | 3 replies
Are you collecting properties or collecting money?
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29 January 2025 | 22 replies
Section 8 is a legit way to make money.