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30 January 2025 | 6 replies
Those two factors work in you advantage allowing you to charge rents that let you cashflow when others trying to get in the market couldn't purchase a similar house and make the numbers work.
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5 February 2025 | 14 replies
You can't just take what you paid and start charging interest on that figure, because part of what you paid was already accrued interest.
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20 January 2025 | 5 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
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29 January 2025 | 6 replies
As long as you file it, you have protection from the charge of fraud.Tip: if you file Form 8082 to protect yourself, send your tax return in by mail.
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22 January 2025 | 5 replies
.- Cities like Toronto will levy another tax (Vacant Home tax) equivalent to 1% of the current assessed value of the property if the property is not occupied (rented, owner-occupied, family occupied, all count as occupied)- Land Transfer Tax: while the Province of Ontario charges anywhere between 0.5 - 2% of Land Transfer Tax when your transaction closes, you should expect to pay this amount twice if the property is in the City of Toronto .
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8 January 2025 | 11 replies
House hacking seems like the best strategy for me.My goal is to purchase a single-family home in Maryland, D.C, (from lurking I've heard D.C was terrible for investing) or Virginia with multiple rooms where I'm making monthly payments similar to what I pay in rent and other charges ($2000-$2500).
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19 January 2025 | 14 replies
If they want their money back fast like a flip then let them flip it and you buy it as a primary residence with a conventional or fha mortgage.
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3 January 2025 | 3 replies
Private mortgage insurance i believe is not charged on va loans.
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21 January 2025 | 6 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.
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15 January 2025 | 8 replies
She is upset because I am charging her for a technician call so now suddenly she's at me with "my lease is not with you" stuff.Just wanted to make sure I was correct in my statement to her.