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15 July 2021 | 17 replies
If you've got the drive to succeed I promise you'll make it happen.
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12 February 2020 | 35 replies
I asked tenant 3x if he would have the cash for the deposit and prorated rent tomorrow, and he promised he would.
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11 February 2020 | 2 replies
Scenario with fake round numbers: 3 Unit building cost basis for depreciation: $300kEach unit rents for $1500 - Total $4500 a month: Annual $54000 (Let's assume that includes vacancy for simplicity's sake.)Tax deductible expenses:Depreciation : 300k / 27.5 = $10,900Mortgage Interest 4.5% on 300k balance: $13400Property Tax: $5000Insurance: $2600Maintenance: $3600Total: $40,000 deducted from $54000 income.
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11 February 2020 | 5 replies
I own my home free and clear and I have a real estate deal that looks really promising.
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26 August 2020 | 27 replies
PS I think I know the answer, I'm just hoping a genius will say, "nah, it's fine, it'll all work out when you fake it".
11 February 2020 | 1 reply
He ended the conversation promising to litigate if the belongings were disposed of "improperly".
12 February 2020 | 2 replies
Other than that, it's not a good idea, or really worth it to fake occupancy.
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12 February 2020 | 3 replies
You will need Wi-Fi if you choose to use those cameras.I am an enthusiastic supporter of this system versus others because it delivers exactly what it promises with no hidden surprises, not because the company is paying me to promote it.
14 February 2020 | 11 replies
In regards to inspection, you should take a 2nd party with you for the inspection, if you don't have a second party then use a body cam, if you don't have or don't want to get a body cam, then set your phone on record - extremely important for Tenants that may claim items have gone 'missing' or which claim they were promised items during your inspection.
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1 March 2020 | 29 replies
That's why I am considering to sell some to take out that "fake equity" (before they are gone with the next economy downturn) and put it in some cash flowing MF deals.