
16 May 2024 | 0 replies
I can also get a Home Equity Loan from Better Mortgage for another $70k and then sell which would reduce the taxable amount to about $130kCurious on thoughts from others if you would prefer to try and rent it out again or sell and allocate the money elsewhere.

16 May 2024 | 22 replies
For what it is worth I had a client cost seg their AirBnB in Gaitlinburg and it reduced their taxes owed by 26K.

15 May 2024 | 9 replies
Reduce landscaping service costs, reduce water consumption, reduce other utility bills, etc…

16 May 2024 | 17 replies
It doesn't have to be perfect, but the rental income helps heavily reduce or eliminate the mortgage.

17 May 2024 | 11 replies
It means you paid 50-80% of the expense, and then you received 20-40% back in reduced taxes.

15 May 2024 | 12 replies
If you buy a package of 6 lesser houses that means I have 6 roofs, 6 hvac, less cashflow, and likely subpar appreciation(dollar for dollar) compared to better areas.The reduced maintenance costs, higher rents, better tenants, appreciation, and reduced hassle factor for new construction are real and attractive.

16 May 2024 | 17 replies
It took me about three years, after improving the units, raising the rents yearly and reducing my costs, to break even.

16 May 2024 | 8 replies
It can eliminate or reduce the largest expense most of us have.

15 May 2024 | 7 replies
@Jesse Kerr I would hire a VA to reduce the work load.

16 May 2024 | 10 replies
I don't see a lot of 5-6-7 unit properties anyway, but if they exist, different lending and significantly reduces your exit strategy in today's world.