Josh Otero
What’s the hardest part of being a property owner?
18 January 2025 | 18 replies
Or paying off my debt, while I provide them with a nice house to live in instead of an apartment.
Aaron Sommerville
Purchasing my first rental property in 12 - 14 months, any advice?!
26 January 2025 | 4 replies
In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies.
Joel Florek
31 units in 30 months at age 24, $70k Annual Cashflow
9 January 2025 | 116 replies
I'm at the beginning of my investment career, fresh out of college and pretty heavy in debt at 7% interest.
Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
Waiting until you get a deal under contract to then see if you can put together the debt and equity is a recipe for disaster.
Arthur Savery
Planning to sell a long term rental condo, use 1031 and buy 2 condos
11 January 2025 | 12 replies
A good DST would absorb the rest of your debt nicely.
Jeet Sangha
Did You Know? Trust-Owned Homes May Face Insurance Issues
27 January 2025 | 0 replies
If a home is titled in a trust (or an LLC), the trust or LLC should be added as an additional insured to avoid potential disputes during a claim.To confirm, we reached out to an insurance carrier, who clarified:“A carrier can potentially deny a claim if the home is titled in a trust or LLC but the insurance policy is under the individual homeowner's name.
Julio Gonzalez
Cost Segregation Study on SFH in Iowa
22 January 2025 | 0 replies
An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.
Matthew Orr
Should I sure for specific performance?
28 January 2025 | 9 replies
Additionally, the contract with the wholesaler is set to expire on Monday the 27th.
Vanja Dimitrijevic
Cash out refinance primary residence to buy another
8 January 2025 | 8 replies
Additionally, have a clear budget, factoring in potential repair costs, and ensure you understand the rules about earnest money deposits and closing deadlines.LLC for Real Estate Investing: Forming an LLC for rental properties can offer liability protection and may provide tax advantages, though the tax benefits are non-existence for rentals.
Ryan Kane
Need Advice on Next Steps for my Real Estate Portfolio
26 January 2025 | 5 replies
I have very little debt besides mortgages and have spent my own money doing renovation over the last few years.