Mike Gi
6 unit 3 story 1 bed 1 bath in Midtown Sacramento
31 December 2024 | 13 replies
How much can you budget for furnishings and all kitchen items and creature comforts for the ones you want to MTR.If you have a vacant 6-unit, you have great possibilities to try all strategies.
Dahrian Barrett
What to give to Appraiser?
26 December 2024 | 2 replies
That's it, but a) print out a page for each property you think is comparable, b) make the list of repairs long and inclusive of everything you've done. c) Put larger items first like kitchen remodel......and don't just say 'kitchen remodel', list things like 'custom backsplash tile/Bosch appliances/recessed can lighting/pot filler/etc. d) Cite the price/value of the work done, and don't be afraid to be generous.
Tanya Maslach
Who pays - Landlord or tenant?
11 January 2025 | 15 replies
Garbage disposals are my most often replaced items.
Ryan Crowley
Pay off mortgage and snowball?
19 January 2025 | 61 replies
Protection from lawsuits is a big item to consider as well, especially in higher price range properties.
Katie Miller
If you use a CPA or Tax Professional, how did you find him or her?
19 January 2025 | 119 replies
Once I get to a point that it is making enough per month that I feel comfortable taking money out of the business that would be when I get to the point that it is worth have a specialist assist me in all deductions, credits, and future items that will help me to transfer from a W2 to working for myself fully.
Mohammed Islam
Seller trying to keep EMD, financing fell through.
1 January 2025 | 8 replies
I am only familiar with the contract in my state but items seller agrees to do based on inspection findings are their responsibility unless spelled out differently.
John Davey
Can you deduct interest (primary house) from a home equity loan to buy a rental?
3 January 2025 | 11 replies
The loan does need to be secured by the property being improved if we are talking about a personal residence and personal itemized deductions on Schedule A.
Mayer M.
Real Estate Professional Status/Time Tracking
25 January 2025 | 91 replies
Are these the only items we need to document?
Ashley Wilson
Pros and Cons of Joining a Coaching Program
23 January 2025 | 28 replies
They won't learn those items until they actually do deals.
Felicia Vinces
What makes a good seller financed deal?
28 December 2024 | 2 replies
There are state specific items to take into consideration.