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10 September 2024 | 2 replies
Emphasize your strengths and any relevant experience to build trust.Be patient and persistent.
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12 September 2024 | 8 replies
The key questions here are:How much you make renting by the room?
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13 September 2024 | 7 replies
Physically collect all of the security deposits, advanced rents, keys, and any other items.5.
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7 September 2024 | 3 replies
unless you're going to spend time, money and energy building a team, going to the market in person, and being thoughtful and patient, you will likely lose money.
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11 September 2024 | 2 replies
My assumptions based off research is I will be able to deduct 1/2 of all allowable expenses based off the ADU square footage (My understanding of that list below) 1/2 Mortgage Interest (Not principle) 1/2 Utilities 1/2 Property Taxes 1/2 Insurance (assuming I don't have separate ADU insurance) 1/2 general house maintenance (depending on the issue and if it's related to the ADU) 1/2 Depreciation (Home value, not land divided by 27.5) KEY QUESTION: If my mortgage (PITI) is $5400, and all of those ADU deductions equal $3800 monthly, and my ADU income is $1800 monthly, am I allowed to pay the difference in "deductions" from my real estate business income?
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13 September 2024 | 12 replies
Here are a few key metrics and factors to evaluate when making your offer and negotiating the purchase:1.
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11 September 2024 | 18 replies
Key is talk with your tax preparer.
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16 September 2024 | 35 replies
I've never personally heard of him, but this is one of the key things I looked for when I found my mentor.
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13 September 2024 | 20 replies
Increasing income is one, you need to reduce expenses too so managing debt is key.
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11 September 2024 | 1 reply
**Essential Coverage**: What are the key components of a comprehensive landlord insurance policy?