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8 February 2025 | 42 replies
Taxes, costs, eviction complexity, etc are going to be a much bigger factor in your success than anything else.
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8 February 2025 | 8 replies
You get to harvest the equity tax free.
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12 January 2025 | 0 replies
Utilities included.Fully rented.For sale off market.
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11 January 2025 | 7 replies
Security Deposit: 2600Lease states no smoking/painting walls/no hanging things on wallsTenants have moved out and have left two truck loads of garbage to be removed.Damaged doorPainted walls which got on the ceiling and trim Lots of holes on the walls throughout the houseDamage from windows being left open constantly Weed was clearly smoked in the house (smell throughout the place) so we need to deep cleanWater bill wasn't paid so I had to turn back on utilityMissing keyQuoted costs:$450 junk removal (some furniture)$935 for damaged doors/windows, painting cleaning$30 for utility turn onTenants were only there for a year before moving out so a lot of this is beyond normal wear and tear.
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7 February 2025 | 1 reply
He will get around $3,100 tax free Base housing allowance and will have $150,000 he can put down.
11 January 2025 | 12 replies
The LLC helps when you are trying to do things like turn on utilities.
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20 January 2025 | 6 replies
So if you have the property for a total of 10 years, moved in at year 8, little value or tax advantage.
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16 January 2025 | 5 replies
After watching some of the podcasts and reading posts I am set on starting my real estate journey utilizing the house hacking strategy.
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5 January 2025 | 17 replies
Utilize tools like BiggerPockets for resources and calculators, and consider creating a simple spreadsheet to track property details, budgets, and timelines.
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29 January 2025 | 11 replies
Enough immediate cashflow to balance out the mortgage, taxes and insurance.