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11 October 2024 | 56 replies
Quote from @Marco Flores: How did you go about making a lease for your house hacking tenants?
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11 October 2024 | 3 replies
Hello,I have a home that I lease out to tenants on section 8.
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14 October 2024 | 4 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
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11 October 2024 | 21 replies
I have had them move out in the middle of the or had to evict them for breaking the lease.
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11 October 2024 | 10 replies
Currently I have inherited tenants, but I am planning for lease turn over.
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11 October 2024 | 41 replies
However, both associations have a 30-day minimum for all lease agreements.Unfortunately, the bad news is that there really aren't any other buildings that I know of where the association allows short-term leases.
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13 October 2024 | 11 replies
Depreciation is going to still be offsetting cash flow quite a bit - when you accelerate depreciation, it doesn't technically do absolutely every depreciation item in year one, so there still is going to be quite a bit of depreciation to offset your cash flow.On top of all of this, the tax benefits largely are going to come in year one to offset your income.
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11 October 2024 | 13 replies
Even when I still had 3 I used Zillow.I list my property on Zillow for rent, I use the Zillow application process, I use their form leases and collect payment all through Zillow.With only a couple rentals, it did everything I needed it to do, and combined with a spreadsheet or Quickbooks online, if you want to be a little more official, it does not take much work.
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9 October 2024 | 5 replies
I had a similar issue as a buyer's agent and I had to go back and forth with the builder multiple times and even back up the closing date because there were a few items to take care of, have your agent represent you on that.
11 October 2024 | 27 replies
Generally, only 1 or 2 years of business and personal tax returns (depends on how long your business has been around) should be the only additional docs needed for most self employed vs W-2 wage earners.and the items mentioned above are not relevant for a qualified borrowers (and some are down right incorrect).