Calum Bressington
Lead Paint Certification
21 November 2024 | 25 replies
I never investigated further.I always questioned his recommendations because at the price/rent point he was advocating, the maintenance/cap ex would consume too much of the rent unless actively self managed.
Matthew Barbaccia
Applying for a HELOC with an investor friendly institution
15 November 2024 | 2 replies
Most if not all of my income appears on my Schedule E as rental income from a college rental portfolio that I self manage.
Ryan Leake
Navigating STR Loophole Tax Strategy: Success Stories and Cautionary Tales
18 November 2024 | 47 replies
I believe that self-managing your property and maintaining detailed records is the only true way to demonstrate your material participation and safeguard your tax savings.
Sendil Thangavelu
Tenant Eviction case--Ocala, FL
18 November 2024 | 13 replies
This kind of stuff should only happen when you self-manage (or maybe hire someone who’s primarily a real estate agent not an PM.) and would be a good example of why I don’t.
Minnina Smith
Just Starting Out & Have Questions
20 November 2024 | 19 replies
Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.
Olivia Armstrong
Advice on first househack: buy down or refi??
17 November 2024 | 6 replies
Going to repost and remove what they called Self Promotion:Ok, several things to consider but buying the rate down is NOT a way to earn more money for your lender.
Thomas A. Rufo
Short Term vs Long Term
18 November 2024 | 13 replies
I had a client last year who was self-managing her LTR but wanted to take her RV and travel.
Jonathan Greene
Calling Out The Welcome Trolls, The Cut and Pasters, and AI Posters
16 November 2024 | 32 replies
If you see multiple posts a day, it's definitely worth speaking up about like @Nathan Gesner mentioned.At the end of the day, these "trolls, the cut and pasters, and AI posters" don't win in the long term....All sites or groups that grow experience the same issues with moderation (see Facebook groups), but VAs can't moderate because they are doing a letter of the law thing and not reading these garbage posts for what they are - spam, AI, number puffing, and cut and pasting, self-promo.
Bryce Cover
Analyzing the Impact of Selling vs. Renting My Property
15 November 2024 | 2 replies
I’d appreciate your perspectives.Here are the details about our current home:3/2 Class A property in a middle-America town with historically ~1% annual appreciation.Purchased in 2020 for $200,000 at a 3% 30-year fixed rate.Remaining mortgage: $150,000.Estimated value: $270,000 (based on recent sales).After selling costs: Likely $100,000 in net proceeds.Rental potential: $2,000–$2,300/month.PITI: $1,200/month ($700 mortgage + ~$500 insurance/taxes).Maintenance/CapEx/Vacancy (20%): ~$400/month.If kept as a rental:Net cash flow (self-managed): ~$500/month or ~$300/month with property management.Low appreciation potential but ~$400/month in principal paydown.Considerations:What’s the additional overhead of managing a second rental property remotely (3 hours away)?
Jim Stanley
Worth it to use insurance for a repair.
15 November 2024 | 8 replies
For what it's worth, this condo is technically owned by the the trust established by my Self Directed IRA.Thanks!