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17 December 2024 | 1 reply
Still, we are looking for more granular data that breaks down by unit configuration closer match to the minimums set for each military, rank) plus estimates for the costs of utilities.
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4 January 2025 | 11 replies
And the passive loss rules may prevent you from getting a tax benefit if your rental deductions are more than your rental income for all of these options.David OrrTax ModernFirstly, utilizing Section 179 deductions for a vehicle purchase can indeed be advantageous, particularly if the vehicle is primarily used for business purposes.
19 December 2024 | 6 replies
Keeping a 2.99% rate sounds great, but it may be costing you thousands of dollars if you are in the double digits with your other outstanding debts.
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12 January 2025 | 25 replies
I'm not sure of what the rules are regarding agent-client confidentiality but without naming any names or addresses, for example:SFH#1 or Duplex #1, if this is Class A, B, or C area, purchase price, down payment, loan terms, monthly payment PITI, gross rent, property management fees, other repair or cap ex costs your client went through and the net rental income for this investorIf this isn't an LTR but an MTR or STR, now we're adding utilities, WiFi, furnishing the place, higher PM fees.
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2 January 2025 | 36 replies
If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.
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24 December 2024 | 5 replies
The reality is that the Gross S8 Rent amount on an S8 voucher includes all utilities.
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1 January 2025 | 32 replies
I utilize a PO Box as well.It wouldn't be hard for our tenants to find out where we live (tax assessor's online tool) ~ But for $50/yearly ... it gives me a bit more piece of mind :)
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27 December 2024 | 3 replies
- We had 2 break-in & furnace & HWH thefts there this year:(File a claim ASAP, you'll need:1) Utility bills to prove electric & gas were on2) A police report, proving a break-in3) Pics/video to prove the condition of the property to support theft claimWhat are you doing to mitigate additional damages?
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30 January 2025 | 62 replies
Estimated about $25,000 including utility hookups.
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26 December 2024 | 21 replies
Then and only then will congress kill this idiotic legislation.Your prediction reminds me of a four-digit number: 1776