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6 November 2024 | 0 replies
On another G.R. house, I have used a program through the city "Get the Lead Out", a somewhat more popular program for some time here.
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4 November 2024 | 4 replies
Does anyone else recommend an alternative that is better priced, but equally as data heavy?
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11 November 2024 | 8 replies
.: There IS going to be a big impact on Real Estate, especially for Single Family and small Multi-Family that is Owner Occupied.The SALT Deductions are slated to expire at the end of 2025.Trump has already said that he will allow it to Expire:https://about.bgov.com/insights/elections/2025-tax-policy-cr...This is NOT a small change.The Standard Deduction gets reduced by about 40%.Then you get to deduct the SALT (State and Local Tax) that you paid PLUS up to $1 Million in Interest from your Mortgage against your Federal Tax Return.The only limiting factor will be AMT (Alternative Minimum Tax).In 2017 when this Cap was put into place, it made sense.However, now that the average Home sells for about Double what it was back in 2017, many normal Americans can benefit from the Expiration.I'm hoping that the Trump Administration does not extend the Cap.Too many people will love him more if he allows it to Expire!
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11 November 2024 | 20 replies
Alternatively, you can offer more such as central air when the competition doesn't have it.Avoid areas with a lot of new rental deliveries.
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11 November 2024 | 9 replies
But right now "junk fees" are popular in the national conversation.
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13 November 2024 | 13 replies
Cons- depending on your personal financials, qualifying might be more challenging and the loan might not amortize over 30-years.Another alternative would be a business-purpose rehab loan (fix and flip/fix to rent).
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12 November 2024 | 15 replies
Hi @Gisele Sood, there is a mix of free and paid services that can help you retrieve the data that you seek.To gather data on tenant demographics and property demand, consider these resources:Census Bureau & City Data: Offers insights into local demographics, income levels, and household types.Zillow, Redfin, and Realtor.com Market Insights: Check these platforms for property demand trends, popular property types, and renter data by area.AirDNA & STR Insights: If considering short-term rentals, these provide data on occupancy rates, guest demographics, and property preferences.CoStar & REIS: Paid services that provide detailed market analytics on rental demand, property types, and demographic preferences.These sources can help you understand tenant needs and property demand in your area.
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13 November 2024 | 23 replies
A popular formula is to analyze the "70% Rule" (70% of ARV minus repairs) for a flip, while focusing on cash-on-cash return for holding.
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16 November 2024 | 12 replies
If done right, potentially, I could get cash flow for current years that could continue and grow into retirement and be an alternative to trying to stack 1 million more dollars in the bank.
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12 November 2024 | 17 replies
Here are my 2 cents (and probably some alternative options/strategies you might consider)...hope this helps.