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19 March 2024 | 0 replies
For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.
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20 March 2024 | 19 replies
I am guessing before the "buyer's agent" was created (around 2000 I hear...), i can see how agents got a bad reputation, and not just because they are sales.
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19 March 2024 | 26 replies
All I'm saying is flipping can easily cascade and you are better off creating a strategy that takes advantage of economies of scale.
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19 March 2024 | 19 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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19 March 2024 | 11 replies
Picking one niche is honestly the only way to create the right systems and processes to scale...I have been good at trying way too many things instead of being a master on one...
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19 March 2024 | 7 replies
Hi, I am a new member in the beginning stages of creating my investment strategy.
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19 March 2024 | 0 replies
I removed popcorn ceilings, painted all walls (inside and out), replaced and changed out light fixtures (inside and outside), furnished the entire home, and created a fun outdoor space (fire pit, grill, picnic area, outdoor games - including wiffle ball!).
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19 March 2024 | 3 replies
The bankruptcy gets combined, in a way, with the house debt and could create a short sale, foreclosure, or more.
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19 March 2024 | 10 replies
The guide was created to help lower the learning curve and reduce risks to out of state investors coming here.
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19 March 2024 | 12 replies
Consider how you'll reinvest rental income, save for future down payments, and scale your real estate portfolio over time.Ultimately, the decision to invest in real estate or continue with your index fund investment depends on your individual circumstances, goals, and risk tolerance.