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27 March 2024 | 12 replies
For example the last rental property we purchased we owe on it about $86K and if paid off would cashflow an additional $600 per month.Because of our household income I am worried that paying off properties would bring us into tax brackets.
23 March 2024 | 7 replies
I am a newbie and was wondering how wise is it to self-manage a 1-bedroom condo in a decent neighborhood? I looked into PM services, and based on my calculations, 25% of my net cash flow is going towards PM (factoring...
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22 March 2024 | 17 replies
However I did some research myself on crime rates, and from 3 different sites, they all suggest that crime is rather high in that area:https://www.neighborhoodscout.com/tn/memphis/crimehttps://crimegrade.org/safest-places-in-memphis-tn/https://www.memphisdailynews.com/CrimeReport.aspxChecking city-data.com, the average salary for that median household income is around 39k.Also, the property value is listed at 145k, which seems like it is on the lower end.
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21 March 2024 | 11 replies
In 2023, I did 18 transactions(Top 500 of ~15,000 agents), and manage 13 rental properties for other individuals.As an Individual, I also own 5 additional rental properties that I also self manage.The reason I would like REPS is because Ive got about 200k in passive losses(100k just in 2023 as I fully remodeled one of the rentals and partial reno of another) I would like to apply towards our household W2 income(600k) Overall, I feel like I could definitely qualify but I definitely lack detailed time log of all activities.
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21 March 2024 | 7 replies
They have no rush for me to move out, as I have a great relationship with them and my siblings, and I assist with household maintenance.Recently, a single-family home became available in the neighborhood, just a block over from my family's home and a minute from my workplace.
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20 March 2024 | 0 replies
In 2023, I did 18 transactions(Top 500 of ~15,000 agents), and manage 13 rental properties for other individuals.As an Individual, I also own 5 additional rental properties that I also self manage.The reason I would like REPS is because Ive got about 200k in passive losses(100k just in 2023 as I fully remodeled one of the rentals and partial reno of another) I would like to apply towards our household W2 income(600k) Overall, I feel like I could definitely qualify but I definitely lack detailed time log of all activities.
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22 March 2024 | 132 replies
You can buy a pre-sale hotel-condominium with resort like services and property management features for 100-150k.
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20 March 2024 | 6 replies
Condominiums are a tough asset class to make money with over a long period of time.
19 March 2024 | 1 reply
Additionally, It is noteworthy that the seller was a member of the HOA board at the time of obtaining this permit, raising questions about the legitimacy of the process.Though I am not currently residing in the apartment, I took the initiative to rectify the flooring issue in cooperation with the HOA, given the significant disturbance experienced by the current residents due to the subpar quality of the previous labor.Furthermore, short after I bought the unit, I discovered an assessment imposed on the condominium, which I was not informed about prior to purchasing the unit.
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18 March 2024 | 0 replies
“In the UK ‘more than a million households will see a significant jump in monthly payments’ this year as ‘the next batch of UK homeowners to have their mortgages repriced are preparing to make personal sacrifices”(Bloomberg).