Both on one loan may save you a bit up front in costs, but it'll make it more complicated if you ever decide to keep one and sell one.

Our HOA/complex manager has saved my butt more than once when a guest has locked themselves out of the unit and I'm across town or whatever.

These additions are a practical way to maximize returns without acquiring new properties.Vacation Rentals: An oversupply has shifted many owners from short-term to long-term rental strategies.

Benefits include immediate tax savings via bonus depreciation (60% in 2024), but depreciation recapture tax applies upon sale.This post does not create a CPA-Client relationship.

I’d be happy to use my Sherwin Williams and save you $10/gal. #2 if I don’t know you, I’m not working until there’s a check in hand.

As for hard money, it’s great for scaling quickly, but if you have the cash, using it can definitely save on interest and fees, boosting your profit.

It can just be held in a savings account, no special account needed, but I always keep mine in an account separate from anything else.

Most sellers probably would not have sold on creative financing if they had a way to get rid of the mortgage when they sold.So, pay off $200,000 (or whatever) on a property you no longer own to save your credit?

LLC's have their place, but they are overhyped and new investors tend to overestimate their importance and underestimate the administrative effort.I have been a landlord for 15 years and well connected, yet I don't know anyone who was very saved by an LLC, so I asked BP nation:https://www.biggerpockets.com/forums/926/topics/1151922-than...

Managing the operation myself could save money and provide better control compared to working with out-of-state properties.