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Results (10,000+)
Justin Pumpr Experiened, but struggling REI - Advice needed
10 February 2025 | 11 replies
Some background:I got into REI to earn enough income from rentals to replace my W2.
Blair Ross Jr Process of Filling Vacancies
9 February 2025 | 3 replies
For example, I mention that every adult must pay a $XX application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.
David Young Questions From a first time Investor
15 February 2025 | 14 replies
@David YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Justin Brin QBI - Can I switch between years how I aggregate my properties?
21 February 2025 | 2 replies
@Justin Brin Yes, you can elect to aggregate your rental properties for Qualified Business Income (QBI) purposes, but once you do, you must continue to aggregate those same properties in future years unless there is a significant change in circumstances (such as disposing of a property).
Luis Cerwin How long should I give my PM to Rent a Unit before changing PM?
18 February 2025 | 21 replies
@Luis Cerwin as others have stated, Nov - Jan is the worst time of year to have a vacancy.Majority of tenants live paycheck-to-paycheck, so all their income goes to Holiday spending starting with Halloween, then Thanksgiving, then xmas, then NYE.January is also historically the worst month for rent payments due to Holiday Hangover Spending.
Chelsea DiLuzio New Member - Newbie Investor
23 February 2025 | 24 replies
Don't be suckered into buying cheap properties - unelss you know exactly what you are getting into.Here's some copy & paste advice that applies to just about any Midwest rental market:--------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Kristie Nguyen CPA Learning to help REI with Taxes and Bookkeeping
22 February 2025 | 4 replies
AppFolio is great for property managers, but investors often use Stessa, REI Hub, or Buildium for tracking income, expenses, and tax reporting.
John Reagan Johnson Turning Your Property Into a Rental
20 February 2025 | 1 reply
Investing in real estate is a great way to generate passive income and wealth if you are in a position to do so.
Marc S. Stessa - Awful customer service.
22 February 2025 | 11 replies
However this new feature shows my payments as income to me.
Michael Emmanuel Loan for building primary home
23 February 2025 | 1 reply
One good thing about building a 2-4 unit as a primary is you less money down and you can use the other units as income to help build a more expensive home.FHA allows for a higher loan amount as you get into the 2, 3 and 4 unit homes and its still only 3.5% down.