Najeh Davenport
Need Advice on Appraisal Issues and Refinancing Options
15 January 2025 | 12 replies
Your lender should be able to help dispute the appraisal if there are clear inconsistencies or missing information, especially now that the property is rented and generating income.It might also be worth exploring other lending options, as some lenders have more flexibility with appraisals or different processes that could work better for your situation.
Tinia James
Made no profit this year should I still file taxes?
20 December 2024 | 9 replies
If you've been active in this business and actively pursuing a profit during the year, the loss the business generates could help offset other income on your tax return.
Joel Florek
31 units in 30 months at age 24, $70k Annual Cashflow
9 January 2025 | 116 replies
I am planning to self manage as well and since there aren't many managers in my area I will likely employ a similar strategy once I decide to outsource the management.
Lenny Grzeskiewicz
Multi Family Lead Generation
17 December 2024 | 3 replies
Hi everyone!I am a realtor in Marlyand and last year I bought my first duplex which I currently house hack. I am looking to buy another multi family property but have noticed lots of obstacles when looking off market....
Greg Strunak
Cash flow/ passive income
30 December 2024 | 6 replies
From what I’ve read in Bloomberg, electing S-Corp taxation for your LLC might reduce your self-employment tax burden when you start paying yourself a salary.
Timothy Franklin
STR sub-to/ portfolio
1 January 2025 | 26 replies
The property alone is worth a million but is generating an estimated $250k/ yr with the ability to add 3 units on site and acquire an additional 13 acres.
Mel Kirchhoff
STR transitioning into furnished LTR options - Advice needed!
6 January 2025 | 9 replies
I’m exploring the idea of turning it into a furnished long-term rental to hold onto it, generate income, and possibly return to STR when things settle down.However, I’m new to the furnished LTR space and would love advice!
Raghavendra Jakkani
Income verification for a tenant
23 December 2024 | 9 replies
Need letter from employer that either says they allow remote work or the hire is for Texas location.
Joe Cal
Team exit questions
30 December 2024 | 0 replies
The experience was really bad as I was getting 1-2 year old leads to cold call that I knew had a 0% success rate and I do much better generating leads organically on my own.
Zachary Kessler
Strategies for second property
27 December 2024 | 4 replies
Quote from @Zachary Kessler: Hello all I’m currently hacking my house that has an ADU dwelling that generates income, I bought this property intending to leave and rent the house that I currently reside in (2 bed 1 bath) I currently have a very good interest rate locked in here from 2022 that I don’t want to lose or have my mortgage called due from leaving here, I live here for very cheap with the income from the ADU.