
13 November 2024 | 11 replies
I recently considered switching to KeyCheck but decided to stick with RR for two important reasons: 1) RR allows for weekly rent collection, which is recommended by my real estate attorney, and 2) RR has lower credit card processing fees for tenants.

12 November 2024 | 10 replies
The good thing about househacking a legal multifamily unit is that lender allows you to use the vacated units of 75% market rent as an income to offset the potential current mortgage.

14 November 2024 | 6 replies
I had a few people interested only after I dropped the price down to $2100/month for a 4 Bed/3.5 Bath, utilities included, and I was the cheapest house in the area for that size on FF (we also allow dogs, which many don't).

15 November 2024 | 9 replies
If I don't or it goes to multiples, you can't allow yourself to get roped into creeping up and keeping yourself emotionally invested.

14 November 2024 | 10 replies
For RE owners, death allows you to pass assets to your heirs and step up in basis, effectively eliminating recapture.

13 November 2024 | 3 replies
Alternative Solutions: If refinancing isn’t possible and a buyout is needed, consider a structured buyout agreement where the remaining partners gradually purchase your share, allowing you to exit while they assume full ownership.This post does not create a CPA-Client relationship.

13 November 2024 | 13 replies
An online lead capture form is presented on your website and allows potential cash buyers to submit their own contact information if they desire to be added to your buyers list.

12 November 2024 | 2 replies
Get detailed quotes on these to ensure it’s cost-effective.Zoning & Permits: Verify that your current property allows additional homes and meets zoning requirements for multiple units.Rental Demand & ROI: Assess demand for singlewide rentals in your area to confirm it’ll be profitable after all expenses.If everything checks out, these could be solid additions to your portfolio.

12 November 2024 | 2 replies
It's best to consult a tax advisor to confirm if your setup allows for cross-property PAL usage in your specific case.