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21 January 2025 | 11 replies
The law does NOT apply to landlords:With less then 5 rental unitsThat live in one unit of a duplex and rent out the other unitThat rent out rooms in the home they occupySo, landlords can no longer state in their rental ads, "Section 8 not accepted".The reverse is also true, "Section 8 only", cannot be used.We've always recommended screening S8 tenants the same way as cash-paying tenants.Landlords waiving application fees and/or security deposits only for S8 prospects may also be violating Fair Housing.
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18 January 2025 | 8 replies
In return, they will be motivated to get a job and pay back every dime owed while lavishing you with praise.
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19 January 2025 | 7 replies
Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.
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23 January 2025 | 1 reply
This leaves here with almost $500k in capital gains to pay tax on.I'm trying to find creative ways in which she can minimize this tax burden.
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19 January 2025 | 8 replies
A longer timeline will make paying the extra 2% now more attractive.
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28 January 2025 | 13 replies
People like it because you don’t need to own property—just lease it, list it on Airbnb, and make money if guests pay more than your rent and expenses.The catch?
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24 January 2025 | 10 replies
Not sure if I have to pay for the more advanced features for it to work better but want to get other thoughts before I start syncing data and have to turn back.Thanks!
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18 January 2025 | 3 replies
Bottom line: the tenant doesn't get to decide how to pay you.
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13 January 2025 | 25 replies
Most people really don't understand this fact (myself include prior to moving here) and it can trip you up if you don't have reliable "boots on the ground" or a thorough understanding of neighborhoods and blocks.
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9 January 2025 | 10 replies
Also, make sure you have a great property management company who can be your "boots on the ground".