Brent Scholz
Helping to put the "KC" in Bigger PoKCets? (eh, you get the idea)
21 August 2024 | 5 replies
Next I think I'll read Brandon Turner's "The Book on Rental Property Investing" as that seems like what I'm drawn to initially.Beyond that, I'm focusing on:-Scanning/reading any posts that catch my fancy-Keeping an ongoing notebook of things I want to dive into further-Reaching out/making local connections (KC area)-Discovering if there are any clubs/meet-ups/groups I should joinI think with that, my path will start to take shape.
Michael Ruvido
Expense or Capital Improvement?
20 August 2024 | 4 replies
There are 3 safe harbors available to you-De Minimis Safe Harbor ElectionSafe Harbor Election for Small Taxpayers (sounds a bit condescending)Safe Harbor for Routine MaintenanceCheck these out...Frankly given the amount, and what you are doing (low materiality to the plumbing system unit of property), I would expense it.
Steven Westlake
Event hall as a rental ????
20 August 2024 | 64 replies
@Mason Hickman- valid points, wife loves doing the decretive fancy stuff, so that’s my plan for now.
Greg Friedman
Hiring a property manager vs doing it myself
20 August 2024 | 21 replies
The only thing I can think of that may be harder to deal with if I am not local is routine maintenance issues, but I was thinking I can just ask around for some handy man referrals to have at the ready in case those smaller issues arise, while I would instruct our future tenants to contact our service provider for any emergency issues.
Porsha Fross
Experience with HomeStyle Loan in Chicago
19 August 2024 | 10 replies
No one really talks about this but they should because a lot of people get stuck buying a new fancy home and then in 12-24 months they are under water.Again not everywhere but in a lot of places where you see a small phase of builds go up and then it’s off to another city or county.The other thing that is not talked about much is home prices if the home price is under say $200K the builder loses interest.
Matthew Banks
Advice how to make handling security deposits easy
17 August 2024 | 10 replies
There are some very complex, fancy spreadsheets available for less than $10 that let you manage up to ten units.
Chris Seveney
If it’s too good to be true
19 August 2024 | 9 replies
Evan I will not invest in a sponsor that I see either on instagram in the shiny new home, fancy cars etc. or acts as an influencer with all these training programs.
Carl Rowles
Our first SFH! Section 8?
19 August 2024 | 6 replies
I would also try especially in the beginning at least quarterly to complete some routine maintenance and make sure the house is being taken care of properly.
Shrey A.
Resources for investing in Canada
22 August 2024 | 53 replies
You can actually find 2 bedroom condos below $100k now fairly routinely.
James R.
Hot Tub? Good Idea?
16 August 2024 | 20 replies
Doesn't have fancy jets and a spa, but it's nice and fits 6 people.