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14 December 2024 | 4 replies
Depending how long your LTR was in there, you might need to fix or update a few items.
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21 December 2024 | 20 replies
they look like they'll cash flow a few hundred dollars a month but then you have a rough tenant turnover, or a big capex item come up, and boom - your cash flow is gone for 5 or 10 years.here are two really good threads to read.Overleveraging, net worth, cash flow and headache factorBaltimore - a path to never-ending painhappy to help further.
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26 December 2024 | 0 replies
It was listed by a realtor that I previously purchased a small portfolio from and therefore had a good professional relationship.
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27 December 2024 | 16 replies
You should list the property with an agent.
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28 December 2024 | 7 replies
They have a wait list.
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20 December 2024 | 2 replies
You might have additional items depending on your market.1.
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30 December 2024 | 819 replies
I flew out there every 3 months hand picking properties from listings.
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24 December 2024 | 14 replies
Also, I don't know if it would be worth it from a liability perspective either, but would advise to chat with an insurance pro/legal pro.When purchasing a primary residence, conventional loan guidelines will require you to take down the property in your personal name.When it comes to taxes, you'll likely be able to take the standard deduction AND itemize Interest, Taxes, Insurance, Depreciation, and expenses prorated based off the rented portion of the property when reporting the 1040 along with W2 income.
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20 December 2024 | 27 replies
The list is long.
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27 December 2024 | 34 replies
I bought a 3 Bedroom SFH in Cahokia Heights, IL on April 2024 and it is STILL NOT RENTED TODAY.I bought for $79k convinced by the Section 8 mentor Tom Cruz to buy from his team and to focus on cashflow vs. appreciationI went through 3 contractors that all did a subpar job and just barely got it all togetherI haven't been able to find an appropriate Property Management team to help on this side of ILI have it listed for rent (Zillow, Turbotenant, Fb, Craigslist) for about 3-4 weeks now since repairs were done.If anyone has any suggestions to get this rented ASAP I would greatly appreciate it and any Property Management connections that can help would be amazing as well.Thank you all for your time and Happy Holidays & Happy New Year Ouch.