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20 February 2025 | 10 replies
If the seller handles the repairs, it’s usually not an issue, but you want to verfiy what your lender requires.Cleveland Heights checks a lot of your boxes (hospitals, strong tenant pool, walkability, and appreciation potential).
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29 January 2025 | 12 replies
Experienced investors typically value properties like yours by analyzing cap rates, cash-on-cash returns, and income growth potential.
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10 February 2025 | 7 replies
I suggest the buyer at least get an estimate of the potential tax savings.
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27 January 2025 | 15 replies
These areas often have 3/2 SFHs in your range, with decent BRRRR potential.
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4 February 2025 | 13 replies
I know pools are a must have amenity to compete in many markets and I have to admit that I'm a bit hesitant to enter those markets due to the potential liability risk.
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30 January 2025 | 19 replies
When scouting for properties, explore areas on the west side as well as some parts of the east for potential opportunities.
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29 January 2025 | 0 replies
Flipping, renting, or sitting tight for long-term appreciation-there is potential for anyone willing to do the work.
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31 January 2025 | 3 replies
I wrote a letter to the HOA yesterday explaining why the door was needed, how security would be very tight, and how the HOA itself could potentially be responsible for any ADA fines/penalties if they are found to the "barrier to access" for ADA as they control the lobby.We have a tenant lined up and obviously this is causing a major issue.
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8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.
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31 January 2025 | 12 replies
A couple months ago there was a guest on the BP money pod that said something I really liked, "put your risk in your ROTH" and by that he meant that if you're going to invest in something riskier that has the potential to have large returns, put that in your ROTH account because you're only taxed on what goes IN to your ROTH, not what comes out.