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19 January 2025 | 1 reply
Besides that, I have a credit repair and funding company that helps entrepreneurs get their businesses going.
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27 January 2025 | 9 replies
Renting at FMV allows you to deduct mortgage interest, property taxes, repairs, HOA fees, and depreciation against your W-2 income, potentially reducing your overall tax liability.
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26 January 2025 | 17 replies
Any MF of the quality and size (50 up) I would have been interested in would have been cash flow negative for the next 5 years or so, even with 30% down.
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21 January 2025 | 6 replies
Remember to save some money for capital repairs.
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17 January 2025 | 10 replies
A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.
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16 February 2025 | 70 replies
And there are some investors who go for those lesser quality areas, because they have experience in those types of properties and know they can buy there inexpensively.
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16 January 2025 | 3 replies
Hey All, I’ve found an off market duplex in need of some repair (estimate unknown as I haven’t been inside yet).
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22 January 2025 | 5 replies
., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.
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2 February 2025 | 7 replies
. $150k down, 5 year balloon, 8% interest, no inspections, repairs, or appraisal, $20k over asking, and most importantly.
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21 January 2025 | 18 replies
@Joe Gellenbeck Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?