Jarret Jarvis
Should You Self-Manage or Hire a Property Manager for Your Chicago House Hack?
31 January 2025 | 2 replies
He is busy working at the hospital and doesn't want to deal with tenants, toilets, taxes, trash, and all that haha
Michael Nguyen
Due on sales clause...Has anyone experienced this?
31 December 2024 | 2 replies
I've seen alot of people say to just go through the conventional lending, and then quitdeed claim it into the llc.
Lee Sanders
Hello from Boston MA
27 January 2025 | 25 replies
To transition to multi-family properties, research landlord-friendly states like Texas, Florida, Tennessee, and Indiana with favorable eviction laws, lower taxes, and higher rental demand.
Daniel Hartz
Trying to refi out of a bridge loan on a SFR with tenant
15 January 2025 | 10 replies
Assuming property taxes + insurance added don't go above $1,100 total, you could maybe make this work.
Bethany Merlucci
Help this newbie investor to decide if this is a good first property
10 January 2025 | 4 replies
Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.
Daniel Carrillo
Introduction to Phoenix
30 January 2025 | 11 replies
We have sold (tax free), kept as long term and/or short term rentals as well.
Marcus Stokes
fix and Flip
18 January 2025 | 21 replies
Tax-wise, profits are taxed at your ordinary income rate, and frequent flips may subject you to self-employment tax if classified as a dealer by the IRS.
Mohammed Islam
Seller trying to keep EMD, financing fell through.
1 January 2025 | 8 replies
@Mohammed Islam, The claim of loss due to the tenant moving out for the sale COULD absolutely apply to the situation.
Casey Wilson
Advice on strong Detroit Metro areas for rental property investing
29 January 2025 | 6 replies
3) Your $250k with 30% down => about $750k (you also need funds for closing costs, taxes, etc.)
Paul Novak
Small & Mighty Real Estate Investing
21 January 2025 | 14 replies
I truly think I only need 4 more houses to hit my goal and then shift from buying to paying them off.I am not sure if I am thinking about this the right way and I am sure there are things I am not thinking about but below are my thoughts:Pros - I can purchase the houses I need to hit my goal faster - With getting homes fasters the depreciation, tax benefits, amortization, appreciation, rent increases all start sooner - Home prices on average should be lower now then if I buy in 4-5 years - I can take better advantage of leverageCons - I have more risk until I pay the properties off - Less upfront cashflow - Longer timeframe to acquire the properties to reach my goalIf anyone has any opinions or advice I'd love to hear it.