
17 April 2024 | 6 replies
I could pretty comfortably afford my monthly out of pocket payment due to income and help from my partner.

16 April 2024 | 2 replies
I plan to invest here soon and wanted to share some information about the market, rental income, or even general talk of the area.

16 April 2024 | 2 replies
It's crucial to understand the financials and market trends to gauge the potential value of a property accurately.One key aspect is the cap rate, which is a big player in determining a property's value based on its income compared to its price tag.

17 April 2024 | 3 replies
Someone will lend at a 33% LTV.All of this said, it sounds like the Trustee would actually like to say invested somehow.Option 2, put the house in a trust or LLC and let the rent be divided amongst the grandchildren:-All grandchildren remain owners of the property and the monthly income of $1,500(minus expenses) is split amongst the 6 grandchildren.I will warn that option 2 is more likely to result in long-term drama and likely some anamosity among the family members.
18 April 2024 | 83 replies
Cleveland offers a strong rental market driven by a growing population and can help ensure a steady income stream.

16 April 2024 | 8 replies
I'm trying to evaluate if we should keep the property or sell it/1031 exchange into another investment, but I'm struggling to figure out how to do the analysis.Initial Purchase: $65,000 (Cash)Estimated market value: $250-270k - We'd clear $200-250k if we sold.Current Rental Income (after expenses): ~$1,417My gut tells me that we can leverage the proceeds into higher cash flowing investments, but I don't know how to do the math.

17 April 2024 | 18 replies
The book is saying open up multiple accounts for your business for the purposes of charitable giving, owner income, taxes, paying down bad debt, etc.

16 April 2024 | 12 replies
So I posted the other day asking if I could get around passive income on my rental properties so I could contribute to my retirement account.

16 April 2024 | 20 replies
I am self employed though so not consistent income.

15 April 2024 | 1 reply
Thus, again, raising rents by 3% or 4% each year is imperative.Anyway, the PM told them it would be 10% a month gross rents, and the owners got very angry and upset.