Nathan Gesner
Momentum 2025: Virtual Investing Summit
16 January 2025 | 1 reply
I'm so excited to hear the Maximizing Your Tax Benefits session!
Jed Butikofer
No more mortgage payment, but not yet FI/RE: How should I utilize these funds in REI?
20 January 2025 | 37 replies
If not, what are property tax sales?
Daniel Windingstad
Lemon or no?
24 January 2025 | 8 replies
I have a confession: my only duplex, which I gave owned now for 2 years and recently moved out of from a house hack, has proven to cost me more to maintain/pay taxes/repair/fix etc to the point where my cash flow is close to zero.
Panos Coufos
HELOC to Fund Downpayment on Next House Hack?
23 January 2025 | 1 reply
On property number one, I would cash flow $750 a month after mortgage, taxes, and insurance if I also rent out the unit I live in.
Jason Hatfield
Buying a house at auction
29 January 2025 | 9 replies
I recommend that you find a trusted or recommended Mortgage Loan Originator (MLO), who can give you options for property-based loans (mostly investment loans) and they don't use your taxes but the P&L of the property.
Britt Griscom
Cost Segregation
21 January 2025 | 3 replies
Britt,My firm has evaluated some smaller properties (under $500k) in the past for cost segregation, and it generally does not cost justify moving forward, since the benefits are small, and typically the tax liability on the income is minimal if any.
Aaron Sommerville
Purchasing my first rental property in 12 - 14 months, any advice?!
26 January 2025 | 4 replies
Check with your municipality about how property taxes will change when you buy the place.
Mary Jay
Cash flow is a myth? Property does not cash flow till its paid off?
30 January 2025 | 40 replies
It may cash flow for a year or 2 but once things start breaking or something goes south with a tenant or it sits vacant for a few months, all of that previous "cash flow" is wiped out.The business model is a high CapEx / low cash flow business model relative to the value of the assets.Rentals are a great long-term wealth-building vehicle (appreciation, loan pay down, tax benefits, etc).Don’t rely on them to pay for your groceries.Sounds like you have a lot of experience in negative CF, and not in positive CF.
Tony Schmucker
New Investor Seeking Advice on Relocating and House Hacking
30 January 2025 | 26 replies
Focus on cities with favorable price-to-rent ratios, population growth, and employment trends, such as Des Moines, Oklahoma City, and Charlotte, while considering factors like landlord-friendliness and property taxes.
Johnathan Cummings
Buying portfolio and then selling off a portion to recoup investment?
22 January 2025 | 2 replies
If the purchase is done in cash, as you mentioned, they’d have more flexibility, but they’ll still want to carefully consider the tax and legal implications of the subsequent sales.I hope this helps, and good luck with your client’s deal!