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12 August 2024 | 9 replies
As a young individual with more time than money, I think its a great option.
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10 August 2024 | 8 replies
Some investors say individual accounts for each property and some say one checking and one savings and lump all your properties together.
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10 August 2024 | 2 replies
The units have an intercom / door buzzer that allow visitors to buzz an individual apartment, speak with the tenant, and then the tenant can buzz them in through the entry door and into the building.
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15 August 2024 | 86 replies
Fundamentally the point I was trying to get across in my original post wasn’t about my due diligence, its that the cost of known and unknown repairs when you first acquire a REI is way higher than people seem to anticipate.The way my tax person explained it is the 25K limit you’re talking about is the limit to losses you can claim per property per year, I haven’t hit that for any property individually so it works out.
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6 August 2024 | 4 replies
However, I'm starting to think I can get much more selling them individually to owner/occupants.
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11 August 2024 | 99 replies
It might take some time, but I'll go through each one individually at some point.I just usually end up downloading the podcast and listening on the train so I don't have to worry about losing reception.
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9 August 2024 | 9 replies
We are doing individual room rentals it’s a 6,000 sq ft nine bedroom home Things I have heard to include besides basic items are air fryer insta pot tea kettle vacuum sound machine black out curtains and full length mirror We do plan to add a sauna, exercise equipment and possibly a hot tub.
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12 August 2024 | 26 replies
@Blake Yarbrough why not have the individual loan you the down payment, secured by the property, at a rate that is more than he can make in the market or in a CD and calculate that amount into the total debt service.
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12 August 2024 | 28 replies
Not saying you did, but often people love to quote the cashflow but conveniently leave out capex, which can be considerable on a bunch of individual houses.
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12 August 2024 | 25 replies
@Bob Okenwa: You are part of a very elite, forward-thinking group of individuals that are stepping ahead of the future.You can do it!!