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6 February 2025 | 11 replies
Options - collect full payment for the 3 months up front and lower the deposit to secure against damages only, require insurance.
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26 February 2025 | 98 replies
It also has a dashboard where you can see how far along you are with meeting the 750 hours requirement with at least 500 hours in material participation and 250 hours in general participation.
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26 February 2025 | 22 replies
Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.
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25 February 2025 | 10 replies
@Evan CruzYes, you can combine the BRRRR and house hacking strategies on a single property, but it requires careful execution.
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25 February 2025 | 12 replies
Avoid affordable (undesirable) properties that will typically have higher maintenance and vacancy, and buy A or B properties with less maintenance and better appreciation, which is where the real money is made.
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22 January 2025 | 4 replies
For 2024, the annual gift tax exclusion is $18,000 per recipient (rising to $19,000 in 2025), and amounts above this require filing a gift tax return (Form 709).
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26 February 2025 | 38 replies
Maybe accept their fee, but require a shorter listing agreement (3-6months) to see the results.
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26 February 2025 | 13 replies
I am a home inspector licensed in SC and Certified in GA (b/c GA does not require an licensure).
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24 February 2025 | 20 replies
The original wood seems to be in decent shape but would require a lot of labor to remove the aluminum & strip/clean up old lead paint.
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24 February 2025 | 5 replies
Per lender's requirement, the title is held by individuals as "tenants in common" rather than LLC.