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Results (10,000+)
Justin Arcelaschi Should I cash out refi ?
30 June 2024 | 11 replies
Looking at online calculators, a rough value of it is currently 155,000.
Jeff Honnold Relay bank for investing?
30 June 2024 | 9 replies
I provided and they reversed the cancellation and unfroze the account immediately.
AJ Wong What is a strategic mortgage partner? Why every investor & Real Estate Agent need one
30 June 2024 | 1 reply
Lenders that have flexibility to originate in multiple states and have a wide range of programs available provide more value. 
Igor S. DuPage County Sheriff's Sales Experience?
27 June 2024 | 11 replies
Would you be able to provide some guidance with regard to do title search and the next steps after you win the bid??? 
Lauren Christie Inherited small apartment building and have a problem tenant
30 June 2024 | 6 replies
She NEVER provides any notice of anything that breaks, needs repair / replacement.
Mike Day Is Airbnb's liability protection enough?
29 June 2024 | 12 replies
Does it provide protection between stays?
Ropo Sanni Looking to purchase my first multi-unit and property. Should I change my approach?
1 July 2024 | 18 replies
It can be tough to find properties that provide a good return these days even when putting 20-25% down, depending on where you're looking and what you define as a good return.
JonPaul Kessinger How to Be the Best Possible Agent for an Investor
30 June 2024 | 2 replies
Market Analysis and Property Valuation: How can agents go above and beyond in providing market analysis and property valuations tailored to investors' needs?
John Campbell LLC vs Umbrella Insurance vs Other Options
28 June 2024 | 10 replies
Converting your single-family home into a rental property involves several considerations to protect yourself and ensure smooth operations: Establish an LLC:Liability Protection: Holding the rental property in an LLC can protect your personal assets from potential lawsuits related to the property.Tax Benefits: An LLC can offer tax advantages, such as pass-through taxation, where rental income is taxed at your individual income tax rate.Insurance:Landlord Insurance: Ensures coverage for property damage, liability claims, and loss of rental income.Umbrella Policy: Provides additional liability coverage beyond your landlord insurance, offering extra protection.Deductions:Mortgage Interest and Property Taxes: Continue to deduct these expenses.Depreciation: Depreciate the cost of the property over 27.5 years, excluding the land value.Maintenance and Repairs: Deduct costs related to maintaining the property.Property Management Fees: Deduct fees paid to the property manager.Filing Taxes:Schedule E: Report rental income and expenses on Schedule E of your tax return.Separate Accounts: Maintain separate bank accounts for rental income and expenses to simplify bookkeeping.Lease Agreement:Solid Lease Terms: Ensure your lease agreement is thorough, covering rent amount, due date, late fees, maintenance responsibilities, and eviction terms.Legal Review: Have the lease agreement reviewed by a real estate attorney to ensure compliance with local laws.Tenant Screening:Background Checks: Perform credit, criminal, and eviction history checks on prospective tenants.References: Contact previous landlords and employers for references.Property Management:Regular Inspections: Schedule regular property inspections to ensure it's being maintained properly.Maintenance Fund: Set aside a reserve fund for unexpected repairs and maintenance.Moving Out of State:Communication: Maintain open communication with your property manager.
Ryan Shekell Card operated laundry
29 June 2024 | 2 replies
I'd like to explore card operated laundry to provide that as an option for tenants, to offset the cost of running the washer and dryer while I pay for utilities.