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30 January 2025 | 24 replies
As long as you're filing jointly, both meeting the 2 yr use test, and either meeting the ownership test, then the full $500k can be claimed.
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9 February 2025 | 14 replies
It is important that you keep the investment for a medium to long term.
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5 February 2025 | 7 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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2 February 2025 | 10 replies
Does anyone know of a good resource for this type of rental or a good contract attorney?
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11 January 2025 | 19 replies
Good luck
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7 February 2025 | 13 replies
How long ago did you start?
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9 February 2025 | 32 replies
So ReSimpli wins out in this category.I know I mentioned good support but also they have really good onboarding as well.
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21 January 2025 | 4 replies
The after-repair value determines if the property is a good BRRRR or flip.
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27 January 2025 | 6 replies
Hey Jerry, good to see you making moves!
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25 January 2025 | 17 replies
And then hire a CPA if your problems are big enough-- a good problem.As for giving the 7-9/10s.