Andrew Galloway
Has Anyone in CFL Bought a STR Recently (2022+) to Offset Their W2 Income Tax
11 September 2024 | 12 replies
For myself, I am a high income W2 earner and I currently have FEIE foreign income tax exclusion but at some point I have to be able to return to the USA fully or at least hedge against that possibility.
Rob Chopra
Cleaning Unit for Turnover
11 September 2024 | 10 replies
Depends on the area of the country, due to varying wages, and how dirty it is.
Billy Knox
Why use a Real Estate Agent?
20 September 2024 | 73 replies
So when you look at W-2 earners pay stub you can factor in about 30% more in benefits over the pay.
Anita Z.
How often Should I increase Rents for existing good renters?
11 September 2024 | 13 replies
If they are not good tenants, the lease does not get renewed.When we determine the general direction for the year we look at:- inflation (US)- hourly wage growth (US)- market rent growth (in my case Milwaukee)We also monitor the market and our competition, we get feedback with every turnover and see what fair market value is.
Cliff Song
Advice on creating an LLC before first property.
9 September 2024 | 9 replies
If you ever plan on doing this later in your days, you could always do a management company and just expand on that, but I can tell you from my own perspective that LLC – S and being W2 employee under that may limit some of your lending aspects, but it protects you around the world anywhere you go further if it comes to it, you can bankrupt your company, sell the assets and open another company the same way and you’re still protected through and through. as my wife is a high earner, it really protects her from civil suits and other things like that or anybody that ever comes to maliciously take what is yours.
Account Closed
Tenants claim sickness and lost wages
6 September 2024 | 9 replies
My brother and I own a single family home. The tenants have been there since 2022. Recently, we had a leak from the A/C in the attic. The Condensation drain line was plugged up and managed to leak through the ceiling ...
Gurusubramaniam Sundararaman
How do you get loan for property purchase - With out being employed.
9 September 2024 | 15 replies
Or maybe a high-income earner looking for a place to put their cash to work?
Brian J Allen
Fannie Mae 5% Down Multifamily Loan: A Double-Edged Sword
9 September 2024 | 22 replies
Compound that with the other taxation, and high earners leaving, you are going to get even higher taxes.I have a home in Florida that is worth more than two times what my home NY was, and yet the taxes are half, and I don't have state income tax.I would NEVER dollar cost average my real estate portfolio.
Heather Martini
Seeking Feedback: STR Market Insights Report
6 September 2024 | 13 replies
Hi @Brian Barch Thanks so much for your insight, I currently have the report setup to show average revenue for medium and high earners in a market by zip code and by bedroom count.
Noah Bacon
Harris and Trump's Housing Plans from Last Night's Debate
13 September 2024 | 61 replies
Yes, costs of goods go up but people actually have the $ for that because wages are going up.