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21 May 2024 | 138 replies
This Corp will get a fee for the management.That would be a way to convert some passive income to active income.As active income does not have the same tax advantages as passive income you need to carefully weight the benefits that you can gain from a Corp (Many more deductions available, retirement plan contribution) versus the additional cost and taxes.
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18 May 2024 | 14 replies
Unless there is a demonstrable reduction in the amount of work being done per turn, why would they take less?
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17 May 2024 | 14 replies
A razor knife around it cutting the paint and some elbow grease usually get it moving, then address springs or weights on them plus some soap on side helps it slide.
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17 May 2024 | 6 replies
All these SINGULAR city charts/metric to INFER a MSA weight are best defined as GIGO, Garbage In garbage Out.
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20 May 2024 | 177 replies
The average annualized (investment weighted) yield has been 30.9% (This is like the bank CD's APY).
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20 May 2024 | 121 replies
Some feasibility studies are worth their weight in gold.
14 May 2024 | 7 replies
Conceptually think of house hacking in the NYC metro as a reduction in rent.It all boils down to the numbers, but if the direct property costs (mortgage + insurance + tax + capex/repairs + vacancy) - the income (rental income) is less than your rent, you are effectively saving yourself money, aka "rent saving"I did this in 2014 in Westchester county (different location, different time, different market), but effectively cut my rent in half.Regarding Basit's suggestion, I would follow this ONLY if your cashflow from the other market is greater than the "rent saving" in NYC on a per dollar invested basis.Joe
16 May 2024 | 8 replies
I truly think they are a league, if not 2+ above your weight.
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15 May 2024 | 8 replies
You should gain more appreciation, so it’s all a fine balance & you have to weight each and see what’s best for you.