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10 January 2025 | 16 replies
.: @Bill Hampton @Zachary Jensen @Benjmin Weinhart @Sean O'Keefe Thank you so much, the expenses are legitimate and I am only traveling due to the investments I want to purchase San Diego.
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8 January 2025 | 20 replies
There has never been any sort of lease signed nor has she ever paid anything more than a few electric bills which are next to nothing since he has solar.
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27 January 2025 | 35 replies
My tax advisor referred me to them, and I also utilized cost segregation on the properties, which significantly reduced my tax bills.
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12 January 2025 | 11 replies
If they pay all their bills and maintain a job it's unlikely they'll turn into an unemployed bum once they move in.
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11 January 2025 | 7 replies
Quote from @Bill B.: You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.
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14 January 2025 | 9 replies
Quote from @Bill B.: 1) Yiu REALLY need to know what CA will allow you to do, I don’t know, but the state may say too bad landlord, you lose. 2) Assuming your attorney (Or you if you’re able to decode the laws that relate to your situation and are willing to go to court in front of a judge against a “sick” kid.) think you have the right to collect the rent I’d give them two options.
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14 January 2025 | 28 replies
I keep track of expenses as they come in (I have a notebook) for each rental and file the invoices/bills/etc as soon as they come in and are paid.
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12 January 2025 | 12 replies
Property owners get an annual update on their SEV & Taxable Values with their city property tax bill, typically sent in December.So now, the city assessor tracks the SEV, but homeowners are taxed based upon the capped Taxable Value.
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3 February 2025 | 31 replies
Toss in a month or vacancy, a high repair bill, a remodel or what have you and they are making just as much as you are.
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8 January 2025 | 10 replies
That's easy compared to trying to fight and erroneous $13k water bill (a real issue we had) or an insurance policy tripling (that too).