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8 November 2024 | 19 replies
I accept them and mitigate the risk by (a) screening the animals, (b) having a solid set of rules that are quickly and fairly enforced, (c) regular inspections, especially for cat units, and (d) charging a monthly pet fee.Let's say I have five single-family homes.
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7 November 2024 | 3 replies
The plan is to: - Make regular payments on the seller-held mortgage for the agreed-upon term.- Pay off the balloon payment at the end of the term.- Immediately refinance the property with a traditional bank mortgage to pull out a significant portion of equity.
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12 November 2024 | 4 replies
Interesting - that top three could not be much different than each other - I see Easy Austin still holding up very well right now though, wonder where that sits
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13 November 2024 | 5 replies
If you hold long enough you virtually always make money.
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13 November 2024 | 22 replies
As you said you are currently still employed there, so you can't do it right away until you leave employment there.Second, once you've rolled over, you can setup your SDIRA as a regular account (where fund release has to go via your custodian) or setup a LLC checkbook option, where you can write out a check for your choice of investments.Yes you will have full control over the use of funds in your rolled over SDIRA.
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8 November 2024 | 38 replies
I am not sure I've ever seen where the tax writeoffs are different for STRs than they are for MTR's or LTR's in terms of writing losses off against your regular income.
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11 November 2024 | 14 replies
Selling the House: If the wife wants to sell, she’ll need the husband’s cooperation, as he holds ownership rights through the deed.
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12 November 2024 | 3 replies
I would be inclined to not hold on to a cash flow negative property, I see our costs only going up.
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13 November 2024 | 18 replies
You might also consider forming an LLC to manage the property-related business activities while holding the property in your name to stay within your lender’s requirements.Explore safer rental strategies: If you’re open to short-term rentals, Airbnb’s Host Guarantee provides additional liability coverage, which may offer peace of mind while keeping the property in your name.