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Results (10,000+)
Kelly McClellan Rejected by a turnkey operation - Ohio Cash Flow
20 April 2024 | 34 replies
Couldn't have said it better myself mateThe pure fact that the poster is going out of their way to post about us is proof that we made the right decision.We "dodged a bullet" per se.I "touch" every investor inquiry because we keep our operation boutique and exclusive.7+ years later and 3,000+ investor calls, plus a thorough pre-screening process enables us to quickly make a decision if we are going to be a good fit.I have a detailed log in the CRM of basic questions asked that I won't reveal because I don't like dirty laundry being exposed.Plus my undies are Extra Large so I don't want anyone getting a complex heheheWe can sell houses to everyone until the cows come home but that's not the way we view our operation...It's not just about us but also making sure that we can deliver on the investors expectations.Do we sometimes make mistakes and turn down a potentially good fit?
Hannah Joy Overextending? Need advice from the old timers
18 April 2024 | 26 replies
Property 1: 276k balance, 450k BPO, monthly cash flow average $500 Property 2: 376k balance, 700k BPO, monthly cash flow average $450Property 3: 420k balance, 650 BPO pre garage, monthly cash flow $550 once garage is done Potential purchase: 375k purchase, 75 down payment, 3 units, currently rented.
David John Forliti Conflicting information on 2BR/3BR vs larger houses
18 April 2024 | 14 replies
Do your due diligence but do not get stuck in analysis paralysis.Lastly, these online calculator are a good guesstimate but it is skewed with bad managers not effectively reaching the potential of a property So dig a little deeper into the high performers in the area to figure out what the rate should be and what they offer.
Emily Wolters Multi family house hacking.
18 April 2024 | 11 replies
Since MFHs are primarily targeted towards investors, this narrows down the potential pool of buyers.
Bud Crandall Here to learn
17 April 2024 | 2 replies
This could involve budgeting strategies, saving goals, and even potential investments for the future.
Robert Mendenhall How to Analyze an Owner Occupied Duplex
18 April 2024 | 6 replies
If the market is great and has future growth potential expect to pay a premium.
Christian Pancake How Important is Off Street Parking/
17 April 2024 | 2 replies
I agree with @Erin Spradlin - I think if you can confirm/convince potential tenants that there is plenty of on street parking it is not an issue, but if it is in a busy neighborhood where finding parking could be difficult I think adding the parking area would help a lot.
Gaurav A. LP In Syndication | losses from Syndication & W2 income
17 April 2024 | 17 replies
Potentially, but highly unlikely.
Beth Anderson Is it smart to buy a house hack that we couldn't afford without the rental income?
18 April 2024 | 18 replies
You should also consider whether the property has the potential for value appreciation or renovations that could boost your rental earnings.
Jonathan Small How to account income from multiple properties on a single 1099
17 April 2024 | 6 replies
As long as the total income reported on your tax return matches or exceeds the total income reported on your 1099s, and you have documentation supporting the breakdown of income by property, the risk of audit or inquiry may be relatively low.Pros of the approach:Compliance: Helps ensure compliance with IRS reporting requirements by matching the total 1099 income on the tax return.Risk mitigation: Reduces the risk of IRS flags or inquiries related to unreported income.Cons of the approach:Complexity: Requires additional documentation and statements to reconcile the reported income with the 1099s, potentially adding complexity to the tax return.Time and cost: The additional work required to prepare separate statements for each property may result in higher accounting fees.Ultimately, it's essential to weigh the pros and cons and consider the specific circumstances of your situation.