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8 February 2025 | 2 replies
Owner/Occupants want function and style.Investors perhaps more numbers focused...probably want numbers to work day 1.Owner/Occupants....they'll stretch to make the numbers work....what can we cut to make our dream home work for us.Personally I don't think either thinks about exit strategies too much or maybe even not enough.I would say Owner/Occupants way way more focused on cosmetics and less about maintenance.
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18 February 2025 | 17 replies
Before it was primarily retirees who were really looking for the social interaction with owners and other guests.
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29 January 2025 | 0 replies
It was the worst house in the best location. 5 acres just above a lake outside of a desired town.
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15 February 2025 | 14 replies
Or, as Travis mentioned, sell your primary residence and explore house hacking opportunities, which will allow you to snowball income savings to deploy into the next deal.
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26 January 2025 | 5 replies
You should have given written notice on the first day you became an owner and told them they must be out before February.
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28 January 2025 | 5 replies
Also, the term "house hacking" is generally used for your owner occupied home (renting out rooms in your primary home) and that income cannot be used to help you qualify (it is considered boarder income).
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10 February 2025 | 1 reply
Quote from @Melanie Baldridge: In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.It’s a massive benefit
16 January 2025 | 1 reply
Purchase price: $220,000 Cash invested: $30,000Currently house hacking.
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11 February 2025 | 11 replies
The #1 reason that Landlords fail, according to the American Apartment Owners' Association, is the landlord's failure to manage to the lease.
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17 February 2025 | 7 replies
Are there any New York PM company owners here that could weigh in on the requirements?