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30 September 2024 | 12 replies
Turned out these were animal bones but we had to shut down work for a couple days....you just never know do ya?
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28 September 2024 | 2 replies
Once you transition one of the homes into a full time rental you will reap that benefit by filing a schedule E at the end of the year.There are a few loopholes to consider like calling one home a "Vacation/Second home" which allows you to pull out 80% LTV with a better rate.
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1 October 2024 | 29 replies
. - if you need two stairwells and an elevator, that will of course drive costs way up and it also eats into your floor plate area and can crush layouts on a smaller building, possibly turning your small CMX2.5 lot you'd planned to build 5 stories on into what may as well be a CMX2 lot and allow only 3 stories, since you can't actually fit 2 stairwells, an elevator, a hallway all the way through from front to rear, a small lobby, a mail room, etc.
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27 September 2024 | 16 replies
I can say that self-managing a STR from afar is beyond me (no experience as a property manager) so that would eat into cash flow.
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28 September 2024 | 11 replies
And going to eat up the rest of the savings pretty quickly buying in that area again.
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30 September 2024 | 46 replies
I am partnering with a local animal shelter to do content one day promoting the puppies and my own place in one.
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27 September 2024 | 15 replies
I know Quickbooks can be its own animal and I will certainly take the time to get some training.
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27 September 2024 | 7 replies
This move would allow you to keep that long-term asset while using the equity to grow your portfolio—maybe even in a neighboring market.Selling (or Wholesaling):If you decide to sell, keep in mind that closing costs, real estate fees, and possible taxes could eat into your potential profit.
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24 September 2024 | 49 replies
As to service animals, they are NOT pets.
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26 September 2024 | 7 replies
It's important to factor in HOA fees, which can eat into your cash flow, and to carefully look over the rules set by the association, some have strict rules on rentals.