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18 January 2025 | 5 replies
The absolute best way to avoid taxes is not earn income.
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17 February 2025 | 5 replies
Sadly, the "home office" deduction is one of the IRS pet peeves meaning that you are more likely to be audited for this deduction when it is on your personal income tax return.
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18 February 2025 | 8 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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26 February 2025 | 5 replies
Wife and I are both self-employed so acquiring a traditional mortgage is challenging based on our "on paper" income.
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25 February 2025 | 1 reply
I’ve spoken with clients who are surprised when they realize how much of their disposable income and even potential down payment savings have been redirected to gambling.I believe it’s about reframing what “winning” looks like.
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15 February 2025 | 3 replies
Investment Info:Building a Fix and Flip/Wholesale Active Income Arm of Our Business.Routinely have 5-10 active flips/wholesale deals under management/in process.
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24 February 2025 | 5 replies
Aaron, your strategy of leveraging equity through refinancing to pull out tax-free cash while maintaining cash flow makes a lot of sense, especially with the stability of W-2 income.
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16 February 2025 | 7 replies
With you being qualified for an FHA loan on your next home that you're purchasing, will you be using the rental income from your departing residence to offset the mortgage payment on that property?
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13 February 2025 | 5 replies
It’s crucial to ensure that your cash reserves can cover not only the mortgage but also unexpected expenses during the remodel.The 30% housing rule is a helpful guideline to avoid overextending yourself, and ideally, you should be comfortable with your monthly housing costs even without rental income.
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18 February 2025 | 4 replies
There are only 2 ways, as I see it in the current market, to get actual income/cash flow from a rental property - a paid off long term/mid term property or a well bought short term or rent by the room rental.