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23 September 2024 | 3 replies
My insurance is $120 per month.Is this deal possible?
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23 September 2024 | 4 replies
Double-check whether one of those fees could be mislabeled or duplicated by mistake.Since you're using OHFA’s 5% DPA, you should expect some additional fees related to that, like possibly higher closing costs or mortgage insurance.
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23 September 2024 | 29 replies
.$$ Range = max 250kDown payment = max 25%Goal = Positive cash flowBelow are the areas i have done some research on so far.Fayetteville, NC Like the fact that there property taxes are low, hence the rental comps vs expenses (mortgage + property taxes + hoa + insurance etc) are kind of breakeven or slight positive cash flow is possible.
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24 September 2024 | 22 replies
It's not that dry closings are illegal, but most title insurers will not insure closings that are dry funded.
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25 September 2024 | 7 replies
Here are some quick end-of-year tax strategies to offset rental income:Cost Segregation: Buy a short-term rental (STR), put it into service, and use cost segregation to accelerate depreciation.Prepay Expenses: Pay for repairs and insurance now to deduct this year.Defer Income: Delay rent until next year to lower this year’s taxable income.Maximize Deductions: Deduct property taxes, mortgage interest, and insurance.Charitable Donations: Donate before year-end to reduce taxable income.These won’t offset W-2 income but will help reduce rental taxes.
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23 September 2024 | 20 replies
@Jesse Herndon and @Troy Biggs, We are in the process of selling our primary residence and will be full-time RVers as we explore the US for the next year (or more :) We currently own 4 rental properties and I am wondering if you can offer any advice on liability insurance.
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19 September 2024 | 1 reply
I’ve heard there can be liability issues with having a pool at rental property, and that insurance companies don’t cover rentals with a pool.
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23 September 2024 | 7 replies
I've seen a lot people worry about the cost of insurance.
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20 September 2024 | 28 replies
Out of state investor looking to connect and build a team in Ohio with broker/agents, licensed general contractors, wholesalers, insurance brokers/agents, lenders, property managers, and more.
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24 September 2024 | 7 replies
When you buy subject to, do you close through a title company and get title insurance?