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6 December 2024 | 12 replies
Note: This all pertains to the 2022 tax year and I still have a W-2 job which is the main source of my income.Given I've only owned a rental for one year (also my first home ever) and I'm very new to rental-related taxes, I of course hired a "good" tax advisor/CPA to help ensure I stay out of trouble with the IRS.
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2 December 2024 | 14 replies
My team on the ground there handles everything from sourcing deals to renovation, and we've worked with hundreds of investors each year to make these properties cash flow.We’ve built up some solid relationships in Detroit—whether it’s general contractors, agents, or property managers who understand the ins and outs of Section 8.
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3 December 2024 | 7 replies
But 3) Try multifamily specific brokers, crexi and loopnet, although 2-4 units maybe scarce. 4) A home equity line of credit is a good source of funds however it will generally make your overall monthly payments higher, so unless a deal is very solidly cashflowing, a HELOC may put you into negative cashflow. 7) Typically electric/gas are paid by the tenant - however this isn't true across the board.
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26 November 2024 | 2 replies
I think this is kind of a daisy chain from other sources, so it's not worth it; it's a kind of like Investor Lift for wholesalers.
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3 December 2024 | 3 replies
We can discuss the finances on this purchase (I will be up close to $1m on this after this rehab from 3 sources: 1) purchased below retail 2) value add 3) natural appreciation).
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27 November 2024 | 4 replies
Remove the source of moisture and the mold will disappear.2.
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27 November 2024 | 10 replies
I've been wanting to get some advice from people about my specific situation, but there's a lot so I'll try to keep it to the point;In short, I'm wanting to "officially" start my real estate investing journey, making it my source of income - and I'm wanting to do house flipping as my strategy, at least initially.
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26 November 2024 | 19 replies
Do you have a source?
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1 December 2024 | 25 replies
Below is some information about home prices in Ohio, sourced from Google AI.
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1 December 2024 | 32 replies
@Kathy DiamondI sourced about 12-13 houses that met the 1% Rule here in Memphis.