Bruce M.
Large RV or Boat - Tax incentives, Tax strategies
13 January 2025 | 7 replies
Looking for various tax strategies to reduce the reality that a large RV or boat is a grossly depreciating assetI would not have a loan, so claiming it as a primary or secondary residence and claiming the mortgage deduction is not applicable.I sold my primary residence and I have several rental properties which I use as I'm fixing them up.What I'm pondering is living aboard and working aboard developing a new product, while traveling.
Lina Truong
Please help me get started for mid-term rental investments
3 February 2025 | 25 replies
I’d be happy to walk you through the process, from pre-approval to closing, and provide guidance on the best mortgage products for your goals.
Heather Bailey
Insuring your House Hack
13 January 2025 | 6 replies
For added liability protection, consider setting up an LLC for the rental, though this may have limited impact if the mortgage is in your name.This post does not create a CPA-Client relationship.
Don Konipol
Why Most Real Estate Investors Can’t Scale Their Investments or Their Business.
4 January 2025 | 14 replies
A classic example is Vestin Mortgage back about 15 - 20 years ago.
Michael Deering
Buying Rentals in Japan
25 January 2025 | 15 replies
(I am starting investor, please understand)So many guys are buying in second-hand market, when original can not cover their mortgage payment because of the depreciating rent, and let go of their property at great value.
Nathan Harden
Expanding to Akron, looking for advice
17 January 2025 | 21 replies
Summit county (Akron) has a much lower sales tax rate (6.75%) than Cleveland (Cuyahoga at 8%).The MLS in Akron shows homes at similar if not cheaper homes but for a good reason.
Devan Praska
Anyone Use/Make a "Homeowner's Manual" For Single-Family Home?
5 January 2025 | 5 replies
In this manual (which I assume could be modified to provide to tenants) I include all the financing information (which you would not include for tenants) bank accounts, mortgage accounts, payment information, and mortgage payoff), a list of the contractors, what each contractor does, a list of upcoming planned or necessary repairs, and a copy of all leases associated with the property.
Alex Houser
Foolish to buy office building?
18 January 2025 | 8 replies
It is what is left after snow removal, cutting the grass, utilities, tenant issues, parking lot issues, property taxes, mortgage payment, etc. that make a difference.
Mike Levene
Most efficient source to pull funds from for a down payment?
23 January 2025 | 7 replies
In both cases to keep things clean for underwriting at the bank I used my HELOC to secure the mortgage.
Gregory Fluharty
House hacking setup: Refi current primary and split occupancy
6 January 2025 | 5 replies
This sounds complex, and if the conclusion you're coming to is mortgage fraud, I would not recommend it.