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10 January 2025 | 28 replies
Just a follow up question, were you utilizing debt to invest, I have always been taught since a young age to try and not utilize debt (I come from a family of stock market investors, traditional business owners) where debt is not utilized as frequently which I obviously understand debt can be a very powerful tool and utilized in a great way its just something I want to avoid with my investments to an extent any suggestions for investing without debt or as little as possible.
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9 January 2025 | 7 replies
Those that use it seem to like it and - as a CPA - I like the reports it produces.
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31 January 2025 | 44 replies
Then there are the challenges with Section 8 tenants paying utilities and taking care of their rental property.
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6 January 2025 | 11 replies
I found a property in my area that would produce decent cash flow and appreciation; however, I would have to use funds from a HELOC on a different rental property for the down payment.
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13 January 2025 | 6 replies
This protects against potential claims and liabilities specific to the rental.For tax purposes, maintain clear records of rental-related income and expenses, allowing deductions for insurance, utilities, maintenance, and depreciation proportionate to the rental unit.
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12 January 2025 | 7 replies
We have a few parks and we utilize both options.
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8 January 2025 | 6 replies
Right now the only utility at the garage is power so basically I am starting with a frame and a roof.
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10 January 2025 | 8 replies
Our agents want to work with us because they see the value of being part of a high-producing renovation company.
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8 January 2025 | 10 replies
Pay your utilities out of this account, and after the month has ended, you can distribute your cash flow from this account to your reserve account and your personal checking account.
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19 January 2025 | 61 replies
I put the cash from the refi back into more mutlifamily units that produce more rental income.