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Results (10,000+)
Don Konipol Correcting the Top 10 Mistaken Beliefs About Wholesaling
29 June 2024 | 12 replies
There are new laws being implememented in some states as well.Hey Ken, I agree with you on people doing business the wrong way, just like in the creative side with people not properly disclosing how liable the seller is in a sub-to transaction.There are indeed people promoting a property instead of the contract, which they do not have the right to do so.
Ryan McCann AIRBNB
2 July 2024 | 73 replies
Regular long term rent: $750Airbnb ( only opened 2 months ago) : earning about $2800 on a not peak season. looks like it may hit the 4000 mark in April/May peak season....It is no more than 5 hours of work per week if you do it efficiently and find a reliable cleaning crew.
Sandra Youkhana Unlicensed Property Management Company in Jackson Mississippi
29 June 2024 | 26 replies
Katrina (who owns Dove Realty) and her husband David, who often does handyman stuff are regular people who just do their job.
Monica Dejesus Ramírez Evaluating which company is the best for self directed Roth IRA/HSA
28 June 2024 | 2 replies
It isn't a ton of extra work for us to manage an IRA vs regular investor, but eliminating government-mandated paperwork (that adds no value) is a win.
Jared York Help with tenant shared driveway
29 June 2024 | 7 replies
The driveway is 'Y' shaped, very narrow from the street to the back, then both houses have their own parking area in the back.The issue he is having is the other homeowner is 'accidentally' leaving nails, screws, and other puncture problem items on the driveway with alarming regularity.
Jesse Rathe Source for leads
28 June 2024 | 5 replies
Post regularly with your buy box.
Mickey Scott Creative Financing/Relocation for new job in Florida
29 June 2024 | 10 replies
After moving to Brevard from Broward, I did that drive regularly for a long time.  3.
Yanina Panfilenka Invest who recently became an Agent in Greater Seattle Area and beyond
27 June 2024 | 9 replies
So far looks like only premium accounts are promoted and there is no way to see all the agents in the area.
Jillian OrRico Looking to buy an STR in Northern CA
27 June 2024 | 6 replies
A couple of my regular residential local agent friends in the SF Bay Area shared they didn't know much about where to find these.
John Campbell LLC vs Umbrella Insurance vs Other Options
28 June 2024 | 10 replies
Converting your single-family home into a rental property involves several considerations to protect yourself and ensure smooth operations: Establish an LLC:Liability Protection: Holding the rental property in an LLC can protect your personal assets from potential lawsuits related to the property.Tax Benefits: An LLC can offer tax advantages, such as pass-through taxation, where rental income is taxed at your individual income tax rate.Insurance:Landlord Insurance: Ensures coverage for property damage, liability claims, and loss of rental income.Umbrella Policy: Provides additional liability coverage beyond your landlord insurance, offering extra protection.Deductions:Mortgage Interest and Property Taxes: Continue to deduct these expenses.Depreciation: Depreciate the cost of the property over 27.5 years, excluding the land value.Maintenance and Repairs: Deduct costs related to maintaining the property.Property Management Fees: Deduct fees paid to the property manager.Filing Taxes:Schedule E: Report rental income and expenses on Schedule E of your tax return.Separate Accounts: Maintain separate bank accounts for rental income and expenses to simplify bookkeeping.Lease Agreement:Solid Lease Terms: Ensure your lease agreement is thorough, covering rent amount, due date, late fees, maintenance responsibilities, and eviction terms.Legal Review: Have the lease agreement reviewed by a real estate attorney to ensure compliance with local laws.Tenant Screening:Background Checks: Perform credit, criminal, and eviction history checks on prospective tenants.References: Contact previous landlords and employers for references.Property Management:Regular Inspections: Schedule regular property inspections to ensure it's being maintained properly.Maintenance Fund: Set aside a reserve fund for unexpected repairs and maintenance.Moving Out of State:Communication: Maintain open communication with your property manager.