6 September 2024 | 2 replies
The tenant is mentally unstable, didn't pay rent over a year, got evicted, forced out by the Sheriff and kept coming back to the property by breaking locks and lock picking.
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6 September 2024 | 5 replies
Hey Max, I have a few S8 tenants in Detroit, but most of my tenants are "cash paying".I'd start by searching the forums here for "section 8" related threads.
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5 September 2024 | 11 replies
Paying a bit more for a property manager isn't so bad when you consider something as priceless as peace of mind.
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4 September 2024 | 84 replies
Persistence, and a sense of humor, pays off.
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2 September 2024 | 7 replies
One of the realtors was skeptical that I can get into this market for $200k, and, I agree, it's a bit of a stretch, but with the pay cut I'll be taking going down to Texas, that's about as much of a mortgage as we can afford on one income.
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6 September 2024 | 24 replies
The yields of the past aren't happening today especially paired with Cleveland increasing taxes on average 50% during this latest cycle.
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4 September 2024 | 3 replies
For the past 13 years I've been investing in and acquiring single family properties through Tax Liens and Tax Deeds.
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3 September 2024 | 0 replies
There are some key limitations that are important:Passive losses can only offset passive income.Up to $25,000 in passive rental losses may be deducted against non-passive income if the investor actively participates and their modified adjusted gross income is below $100,000.Unused passive losses are carried forward to future tax years.Here’s an IRS article that further discusses the rules: https://www.irs.gov/publications/p9251031 ExchangesThis strategy allows investors to defer capital gains tax when they sell a property if they invest the sale proceeds into a “like-kind” property.
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4 September 2024 | 2 replies
Expect to spend $10-$20k in FC and of course all the taxes and insurance on the home during this time.
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6 September 2024 | 13 replies
If both tenants changed their phone number it is likely that bill paying could have been an issue for them and you may find no the utilities weren't on.