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16 July 2024 | 17 replies
Hey @Hansel Gunawan I'll give you 4 major investments that will have a big impact on the greater Columbus area. 1.
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18 July 2024 | 40 replies
Below is a comparison of three states with no state income tax.Sources for insurance and property taxes: Insurance - ValuePenguin, State Property Tax Rates - Rocket Mortgage.In order to demonstrate the impact of taxes and insurance on net rental income, I compared the overhead costs of a $400,000 property in three different states.
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15 July 2024 | 5 replies
However, under the "Disparate Impact" legal theory, fair housing issues arise when denying persons with a criminal record involving non-serious offenses and offenses that are remote in time.
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16 July 2024 | 5 replies
Thanks A lot has been written on BP about R2R and everything looks solid.I'm a big believer in sticking with 1 market until you build a large enough portfolio and diversification is justified.Like with many investments and not just turnkey, it's important to build a large portfolio.The time and associated risk isn't worth buying 1 or 2 properties if you expect a significant impact on your bottom line monthly cashflow.Most turnkey properties are sold at fair market value or slightly above.Nothing wrong with this as long as property management is solid and does their job with integrity.Buying turnkey you won't have built in equity so no growth can be manufactured and you will have to wait for the market to grow to see an equity gain.Thus, IMO it's important to have mindset where you endeavor to build a large enough portfolio so the monthly cashflow makes sense and the portfolio becomes safer.Much success
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16 July 2024 | 12 replies
However, I would definitely consult a tax professional about selling your primary residence as the capital gains relief can be hugely beneficial and could impact your decision-making one way or the other.
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14 July 2024 | 7 replies
Well, that takes off enormous pressure.
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16 July 2024 | 15 replies
However, the law requires me to find a replacement renter was quickly as possible and minimize the financial impact to the tenant.
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14 July 2024 | 21 replies
Can someone please explain briefly how the Lead Safe Certification in Cleveland is impacting landlords?
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15 July 2024 | 9 replies
Either way, I recommend finding peace with what you can't control (whether that is eviction or them living in the mobile home); otherwise, you let the siblings keep winning if they impact your happiness.
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14 July 2024 | 4 replies
It will also detail other various impacts such as traffic, security etc..