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21 February 2025 | 4 replies
I have not personally tried the Wire feature though.I am an Accountant and use it and refer my clients to it as well, connect with me and I will look to see what the costs are to send a wire, they do allow free check and ACH payments if timing is not a factor.I had a client who used Titan, and as an Accountant I did not like it.
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17 January 2025 | 3 replies
If your property management company is good and has built an internal maintenance team which has set rates and had strong relationship relationships with licensed contractor which should keep costs in control, you should never need to shop contractors on your own I wouldn't think.So in short, our policy is give us your preferred contractors upfront if you have them, but then we work all tickets to resolution including dispatch, and payment of invoices.This is of course for operational expenses.
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16 February 2025 | 0 replies
Renting to Section 8 Long-Term TenantPurchase Price = $250,000Renovation Cost =$3,800Appraised Value = $270,000Monthly Rental To Section 8 Tenant = $2,800Monthly Mortgage Payment = $2,100Monthly Reserve for Maintenance and CapEx = $200Monthly Cash-flow = $500Another investment property was closed and added to my rental portfolio.
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24 February 2025 | 7 replies
I think most of us do, but the problem that I've discovered with 15% down programs over the past couple of years is the balance between the cost of the home and the rent it can garner.
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24 February 2025 | 4 replies
Not the best scenario but installing new systems can mount cost quickly.
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10 February 2025 | 1 reply
Cost was not as much a determining factor.
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13 February 2025 | 1 reply
I built a house and it’s going to be difficult to sell as I have no equity in it because of Cost to build.
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20 February 2025 | 5 replies
That is what 1% of the $40,000 down payment costs were from when we refinanced it and started this process in Jan 2022.
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13 February 2025 | 8 replies
If not rented at fair market rent, this property will just count as your residence, not a rental for tax purposes.Structuring the property under an LLC or land trust could trigger a due-on-sale clause, so check with the lender before proceeding.To minimize risk, consult a CPA for tax strategy, weigh financing costs, and draft a legal rental agreement.
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22 February 2025 | 3 replies
Purchase price: $317,000 Cash invested: $55,000 I acquired a Quadplex in 2021 with an FHA loan, investing ~$21,000 in down payment and closing costs, plus $30,000-$35,000 in remodeling.