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17 January 2025 | 6 replies
These are features like online renter payments, tenant portal (for payments and work orders), help keeping track of work orders, tax reporting features, and accounting functionality.
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20 January 2025 | 6 replies
As already mentioned, you could sell via seller financing to lower AGI, as all you would have to claim is the payment income - until balloon payment received.Did know an investor that had 14 properties paid off and he moved into one every two years to then sell with the $250k single exemption.
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27 January 2025 | 9 replies
A $400-500K mortgage is not a trivial payment plus property taxes on top of running your own house.
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7 January 2025 | 2 replies
My suggestion would be to select someone with the most forum posts or most reviews.
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21 January 2025 | 4 replies
I’m close to saving up for a down payment but it’s taking forever!
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5 February 2025 | 5 replies
You likely only made a down payment of 3-20% ....but you still get to write it off on the full value across 27.5 years.So 400k/27.5 = 14,000 ish a year of a write off where during the year you didn't need to incur an actual expense, no cash outflow.
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29 January 2025 | 2 replies
Don't change jobs or income yet.Once you do and you think you can manage the payments based on your new income, maybe once you get the rooms rented.Then if you want to switch there are plenty of opportunities.
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4 February 2025 | 17 replies
For some buyers it would end up being less than a 2.5-3% commish, and for others more.The tricky part for the buyer is it would have to come out of their pocket in addition to the down payment, whereas a commission paid by the seller at closing is included in the purchase price and absorbed into their loan (usually unless paying cash obviously) so the buyer only has to make the down payment out of pocket.
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18 January 2025 | 9 replies
Ability to repay - can you as the borrower afford the payments based on the loan amount.Typically they will not take into consideration the mortgage on a new property that has not been taken out as that is new.
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17 January 2025 | 7 replies
In this type of situation, they want low interest rate with low down payment also.