
12 September 2024 | 28 replies
Plus covered garage parking and all utilities included.

12 September 2024 | 9 replies
I looked into DSCR and spoke to a few lenders, but it seems I need to have 2 years of rental property ownership before I can utilize; I'm only approaching my 1st year of renting by the room, so I assume I'd need to wait another year before I can look into DSCR.
11 September 2024 | 9 replies
A couple ideas below:- Have tenants pay utilities if they don't already- Refinance into lower rate- Increase rents (or convert to mid term/short term rental or rent by the room)- Call the county tax assessor's office to ensure there was no mistake in the tax increase- Call your insurance broker to get you other quotes- Sell the property and 1031 into a better market that does not have those issues- Self manage if you currently have a property managerHope these help!

11 September 2024 | 20 replies
Loan programs that utilize AirDNA income projections to qualify can also be utilized for cash out refinances (if not currently operated as an AirBNB) although some lenders have a maximum cash in hand of $500k-$1M typically at a lower loan to Value of 65-75% for investment property vacation rentals.

13 September 2024 | 7 replies
Beyond that, if it's a multi family, make sure you understand if there is a common utility service you need to put your name on so there is no service disruption.

10 September 2024 | 0 replies
In today's digital age, it's essential to prioritize your personal brand alongside your business brand.

12 September 2024 | 9 replies
In AZ, almost everything is utility scale, so 2.5 acres isn't going to attract much attention from power purchasers or solar developers.

13 September 2024 | 12 replies
Operating Expenses:Consider all the costs of running a B&B and event venue—staffing, cleaning, maintenance, utilities, insurance, marketing, and supplies.

11 September 2024 | 2 replies
My assumptions based off research is I will be able to deduct 1/2 of all allowable expenses based off the ADU square footage (My understanding of that list below) 1/2 Mortgage Interest (Not principle) 1/2 Utilities 1/2 Property Taxes 1/2 Insurance (assuming I don't have separate ADU insurance) 1/2 general house maintenance (depending on the issue and if it's related to the ADU) 1/2 Depreciation (Home value, not land divided by 27.5) KEY QUESTION: If my mortgage (PITI) is $5400, and all of those ADU deductions equal $3800 monthly, and my ADU income is $1800 monthly, am I allowed to pay the difference in "deductions" from my real estate business income?

11 September 2024 | 0 replies
It is not just a mortgage and utilities payment each month!