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18 October 2024 | 7 replies
Is the Turbo Tax software a reliable option for doing taxes that include real estate investments, out of state, personal?
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17 October 2024 | 20 replies
No right or wrong answer, but there is probably more risk buying a property and THEN trying to find/build a reliable team on the ground.Trying to find contrators, inspectors, agents, etc. you can really TRUST is difficult w/o a property though.Makes the most logical sense to find a GREAT PMC who can connect you with others as needed.
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21 October 2024 | 13 replies
That means effectively pricing your rental to others in your area and even looking at apartment rent rates to compare with your SFH.
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20 October 2024 | 13 replies
This means it won’t affect your credit score or show up when you apply for personal credit in the future.Flexible Terms for Investors: Since DSCR loans are designed for investors, they tend to be more flexible in terms of documentation and loan structure, making them a smoother process compared to traditional loans.This option sounds like it could meet your goals for separating business from personal while unlocking equity in your property.
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17 October 2024 | 5 replies
Also, if anyone has recommendations for reliable contractors or inspectors in the region, I’d love to hear your experiences.
20 October 2024 | 3 replies
(True comparables are very limited)Thank you!!
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20 October 2024 | 1 reply
Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.
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18 October 2024 | 6 replies
Finding a good and reliable contractor can definitely make or break a deal.
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22 October 2024 | 17 replies
Overall I'd look into how many units you own (more is better), price of rental units compared to monthly payment you are paying (more is better), and values of each property you own and how much each property increases in value on an annual basis.
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21 October 2024 | 19 replies
And they were renting out for decent prices, not quite as much as I've seen in Cleveland, but pretty comparable.