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14 November 2024 | 21 replies
You buy the property, you give the tenant notice of a pending increase, they pack up and leave, then you spruce it up and rent it at market rate so it's a profitable investment.When egg prices double, do you think the local grocer cries in his coffee every morning about how inflation is impacting his customers?
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15 November 2024 | 12 replies
If the continuing maintenance and repairs are more than you can afford and make the property cash-flow negative, I would sell and hope that the repairs I made and the appreciation would earn me some profit.
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11 November 2024 | 6 replies
This method allows you to take some of the profit tax free and indefinitely defer the rest of tax, using it to purchase larger, nicer property/properties in areas with better cash flow potential.
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12 November 2024 | 2 replies
Get detailed quotes on these to ensure it’s cost-effective.Zoning & Permits: Verify that your current property allows additional homes and meets zoning requirements for multiple units.Rental Demand & ROI: Assess demand for singlewide rentals in your area to confirm it’ll be profitable after all expenses.If everything checks out, these could be solid additions to your portfolio.
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15 November 2024 | 11 replies
Sometimes paying taxes is actually the more profitable path!
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6 November 2024 | 10 replies
I’m considering selling and using the proceeds to reinvest in a long term rental closer to where I live but before I do, I am curious if you think a rental management company may be able to help boost rentals, thus making this a profitable property?
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13 November 2024 | 7 replies
The IRS has tended to look suspiciously at refinances right before your sale and 1031 as a way of accessing profit.
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13 November 2024 | 13 replies
.), but when it comes to sending over the assignment contract, I hear nothing back despite repeatedly following up with them.I thought my deal would be very enticing for investors out there (potential for at least $75,000 to $100,000 profit after rehab), so I'm not sure what I'm doing wrong.
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11 November 2024 | 11 replies
Focusing on growing capital, reinvesting profits, diversifying investments, and using tax strategies is crucial.
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13 November 2024 | 5 replies
Is there enough profit there to make it make sense?