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5 January 2025 | 4 replies
Regarding the advice you've received from others, the best thing to do is to learn your market.
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7 January 2025 | 12 replies
It’ll give you better cash flow and more rental income to offset your mortgage.Condos: Condos are fine, but they often come with higher fees and slower appreciation.
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3 January 2025 | 4 replies
There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.
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13 January 2025 | 4 replies
Even with full coverage insurance you will not receive enough money to actually rebuild your home to today's building codes.
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23 January 2025 | 15 replies
We don't have ANY lenders that pay to receive loans.
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21 January 2025 | 59 replies
Even part-time is fine.
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4 January 2025 | 14 replies
Right now I'm over $100 than I wanted but that's fine because once I rent it out fully I know I can cash flow about $500 or more.
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27 December 2024 | 93 replies
I also received a letter from the county saying that my property is in violation of several health and safety codes.
8 January 2025 | 10 replies
You will receive the security deposit in Checking but then transfer it to Savings.Savings: Hold the deposit here so it's separate from operating funds.
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7 January 2025 | 16 replies
If you're focused on medical travel folks, smaller 1 or 2 bed properties work fine.