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14 February 2025 | 37 replies
If I believe I can generate enough profit this year and navigate any potential inspections next year, I’d be comfortable moving forward—using the income earned to cover any necessary upgrades.An alternative exit strategy is to document the financial performance and sell the property as-is, highlighting its strong short-term rental income.Think through your next five moves, from best to worst-case scenarios, and make a decision that aligns with your goals.
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27 February 2025 | 20 replies
If not, any lease to own lenders for income generating buy and hold deals?
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19 February 2025 | 6 replies
Keeping the Vancouver property could provide strong rental income, long-term appreciation, and diversification, but it also comes with tax implications, foreign ownership rules, and management challenges.
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9 February 2025 | 12 replies
Things that could get in the way im putting out there now to make sure no surprises after someone does the work to get me quotes- New York State - Appraisal will barely be past 100k if that- 98% of my income comes from my rental portfolio (thats a new fun rule (to me) I just learned about)- Prefer something without a ton of fees and such.
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10 February 2025 | 12 replies
Id like to enjoy another stream of income to eventually phase out my day job, so that I can focus on acquiring commercial properties as well as a business or 3.
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25 February 2025 | 20 replies
You fill out an application, provide proof of income, credit report, list assets, list liabilities, and so on.
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11 February 2025 | 7 replies
@Dan PoratI am looking block by block at the household income and agree with D to C depending on exact address.
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18 February 2025 | 10 replies
The worst thing is to pay for a service where you don't get a benefit.If you have STR's and actively manage them, then there is a good chance that you can treat the propreties as active instead of passive which will allow you to offset the losses with other forms of income such as wages, interest, dividends, gains, etc.
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13 February 2025 | 1 reply
So, we bought the property 2 years ago, based on the valuation of the property considering income from 6 units.The sale deeds (from 2018- 3 sales) I could get from the City and the property tax statements (2023,2024) show that the property is zoned as 411 (apartments).
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14 February 2025 | 6 replies
Multifamily properties provide higher rental income and lower vacancy risk, but they require higher upfront costs and more management.