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29 June 2024 | 8 replies
If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.
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30 June 2024 | 6 replies
@Jerrell Sweeting I know in NJ this was the difference between eviction(tenant) and ejection (just a " guest, no money agreement) of a person.
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27 June 2024 | 4 replies
More interestingly, a current tenant has a direct relationship with the owner and is close friends with my Client.
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1 July 2024 | 22 replies
That sounds like a well-considered plan, and visiting in person is a great first step.
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30 June 2024 | 4 replies
Then you use those on your personal taxes.
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2 July 2024 | 9 replies
I personally don't like STR's because they are more of a business than an investment(in my opinion).You didn't mention the amount of hours that you and your spouse work but I would have to assume it be between 1900 to 2200 hours assuming you work 48 weeks and between 40 to 50 hours a week.If you buy a STR and self-manage it, you are added 200-300 hours per year in additional work making your life more stressful and less time to do things that you enjoy.Best of luck.
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29 June 2024 | 9 replies
Unless you have a working relationship with them they likely won't spend that amount of time for free.
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29 June 2024 | 7 replies
The seller can remove their ID, banking info, and anything else personal and you can login and add all your information in addition to changing the email.
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29 June 2024 | 12 replies
They are written off your personal residence.