
24 September 2024 | 2 replies
Using a service to report rent debts to Credit Bureaus can be very effective at recovering those debts because it can impact their credit report and score for years to come, typically 6-7 years depending on location.

24 September 2024 | 2 replies
If I can help you on anything please contact me through BP at any time.I know that they typically make more on their rental money because of how they are rented.

25 September 2024 | 7 replies
When financing a large-scale fix-and-flip project, assessing and managing risk is crucial for success.Risk Management StrategiesContingency Budgeting:Set aside a contingency fund (typically 10-20% of renovation costs) for unexpected expenses.Time Management:Develop a detailed project timeline to keep renovations on track and avoid extended holding costs.Partnerships:Collaborate with experienced contractors and real estate agents to mitigate risks associated with repairs and market positioning.Insurance:Obtain comprehensive insurance coverage, including builder’s risk insurance and general liability insurance, to protect against unforeseen events.Exit Strategy:Always have an exit strategy.

25 September 2024 | 10 replies
You'll still owe taxes on the depreciation taken during the time it was a rental, typically at a marginal tax for bonus dep recapture.

24 September 2024 | 5 replies
How long long to homes typically stay on the market for in that area?

24 September 2024 | 3 replies
However it is not typical or common.
24 September 2024 | 3 replies
Hi Ellen, typically, to claim mileage deductions on your taxes for travel to properties, you would need to either own the property or it would need to be your job, like if you were hired as a property manager.

25 September 2024 | 9 replies
Typically families occupied main house and younger renters often in the casita.

26 September 2024 | 9 replies
Older homes are typically in more established neighborhoods.

24 September 2024 | 5 replies
They make all the decisions, typically get paid no matter what and you rely on them.