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22 February 2025 | 48 replies
These types of low down payment no equity transaction have a horrendous default rate way over 50%
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5 February 2025 | 10 replies
Expenses Paid by the SDIRA: All property-related expenses (e.g., repairs, taxes) must be paid directly from the SDIRA.3.
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1 February 2025 | 17 replies
i have much higher expenses and more headaches of course, but cash flow is higher.most major tier 1 or tier 2 cities should have significant enough rental demand to be able to implement this strategy pretty successfully.
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29 January 2025 | 10 replies
There are quite a number of things that can make utilizing an FHA loan more difficult such as more barriers during appraisal, appearance of low qualification/little cash, typically longer closing period, likely higher interest rate, and PMI cannot be dropped without a refinance if 3.5% down.That said, just chain 5% down conventional loans, and make sure your duplexes pay for themselves.
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5 February 2025 | 28 replies
The most expensive piece we bought was the La-Z-Boy queen hideabed couch.
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7 February 2025 | 1 reply
The build will be more expensive then buying outright.
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7 February 2025 | 1 reply
As a result, inventory levels have remained historically low, particularly in markets where demand is high.
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29 January 2025 | 4 replies
Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.
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31 January 2025 | 7 replies
@Marc Zak Using an LLC for each property provides strong liability protection by isolating risks to individual assets, with income and expenses flowing through to your personal taxes on Schedule E.
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29 January 2025 | 9 replies
To make taxes easier we set up a business checking account and had all the rent paid into that account and all the expenses paid out of that account.