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22 January 2025 | 5 replies
A tax advisor can help with deductions and proper reporting.
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27 January 2025 | 7 replies
The intention of this post was more towards asking a question rather than trying to find a note purchaser because I just started SFH and MHP investing not long ago and figured biggerpocket might be a proper place to post this question lol.
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7 February 2025 | 5 replies
Someone put a fancy brand name on something relatively common.When the policy is designed properly, they should always outperform traditional retirement plans (dollar for dollar).
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21 January 2025 | 15 replies
Hey @Cliff Benner, to be honest, I stumbled onto it on Zillow when doing some dream hunting.
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13 January 2025 | 6 replies
One inspector in Ramsey bragged up on media how he is actively hunting for violators.
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5 February 2025 | 17 replies
Or you'll have to do really costly renovations with proper permitting-- i.e take a 3/1 to a 4/3 to a neighborhood that seeks such size.
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15 January 2025 | 8 replies
Hardly anyone can prep properly, mask or dropcloth properly, cut in around trim and windows, get even coverage, etc.
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10 February 2025 | 6 replies
For the community development dept, you'll need proper plans (architect), site survey, permits, etc. when you're ready.
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22 January 2025 | 20 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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31 January 2025 | 12 replies
Proper documentation ensures you’re prepared to substantiate your claims.Federal REP or STR material participation allows you to deduct rental losses against active income, significantly reducing your tax liability.