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8 April 2024 | 12 replies
How can I find a list of homes that are not currently for sale but that may have an ADU, so that I can start to reach out to these owners about any potential interest in selling?
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8 April 2024 | 9 replies
The potential tenants that came for showings did not seem remotely put off by the rental price.
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9 April 2024 | 12 replies
I am looking to speak with a tax professional regarding potential tax implications of selling our former primary residence that is currently being used as a long term rental.
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9 April 2024 | 5 replies
It happens.Recommend doing a thorough review of the area for actual tenant potential. - Build a profile of available tenant pool to be sure you understand their expected performance. - You don't want to rehab your property to Class A standards, but only have Class B & C tenants to choose from:(- How many rentals are in the area, where do the tenants come from?
9 April 2024 | 7 replies
I don't make much money from a tax return stand point but I don't think it'd affect my DTI since I'd be using potential income and I don't have debt.
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8 April 2024 | 9 replies
The 70% rule is indeed a common guideline used to evaluate BRRRR deals, ensuring that you can potentially pull most of your money out on refinance.When lenders offer DSCR (Debt Service Coverage Ratio) loans at 75% LTV (Loan-to-Value), it can change your analysis slightly.
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6 April 2024 | 13 replies
Hello Everyone! I have a client that is asking me to manage a short term rental for them and i wanted to get some insight from anyone thats managing an STR currently as I have no experience in this field. I am interes...
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8 April 2024 | 2 replies
So, if you don't, the buyer could potentially seek financial compensation for any damages or losses they incur as a result of the nondisclosure.
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8 April 2024 | 6 replies
,Bruce, holding a property for potential appreciation (i.e. not actively generating rental or business income) is a valid tax strategy.
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8 April 2024 | 8 replies
I think there are other options at play with a potential cash out refi, acquiring a 2nd property while keeping the 1st, or even selling to acquire a 2-4 unit property instead of single family.