
19 January 2025 | 18 replies
In the eyes of the law, it's no different than a cane or a wheelchair.Keep in mind, just because the ESA is not considered a pet doesn't mean it gets to run rampant, disturb the neighbors, crap all over the parking lot, or tear up the house.

19 January 2025 | 5 replies
@Noah Laker Will you be running the house or leasing it to a company.

21 January 2025 | 2 replies
Im currently house hacking a triplex property I bought not too long ago with one inherited tenant who was there when I bought the property.

20 January 2025 | 17 replies
Can’t house hack, we own a large home with lots of kids.

26 January 2025 | 2 replies
Unfortunately, it's now going to get more complicated:(There are two types of approaches PMCs use to bill for maintenance:1) In-house ServiceTechs on the payroll, so owners are billed for their time by the hour.While the labor charges above are useful, they don't cover the true costs a PMC incurs, like:- Payroll costs for FICA, Social Security, Medicare, etc. that typically add 25-40% to the hourly rate- Medical insurance costs for the worker- Payroll processing costs to handle all of the above- Liability insurance costs in case worker damages something or injures someone- Workman's Compensation insurance- Costs of vehicles and tools- and more...Typically the management contract will disclose the total hourly rate an owner will be charged.

22 January 2025 | 2 replies
My favorite way to find a mentor was to look on Zillow for houses for rent in your area and then click on the ones that are 'for rent by owner' then call them and introduce yourself as an investor in the area who is looking to meet new investors.

17 January 2025 | 9 replies
You would be committing mortgage fraud if you knew that you only intended to live in the house for 6 months before taking a job opportunity in another state.

21 January 2025 | 2 replies
Thankfully I am currently breaking even on the mortgage with both units rented and we just moved into my girlfriend's parents’ lake house rent free.

22 January 2025 | 56 replies
We want her to live with us so she's more active and social, but our current house isn't suitable.

3 January 2025 | 11 replies
If the HELOC is from an existing rental property (A) but funds are used for rentals (B and C), the interest must be allocated to B and C, not A.This post does not create a CPA-Client relationship.