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27 June 2024 | 1 reply
The owner was going through a divorce and had an SBA loan that he was behind on paying.
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26 June 2024 | 2 replies
The rate, the sale pay the closing cost and the grow of the area What was the outcome?
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25 June 2024 | 2 replies
Obviously there is a lot to discuss on this topic, but for a very quick glance, here are a few pro's and con's to consider when thinking about section 8 rentals:Pros:Guaranteed Rent Payments -> The government pays a significant portion (if not all) of the rent directly to the landlord, providing a reliable and steady income stream.High Demand -> There is often a high demand for Section 8 housing, reducing the risk of long vacancy periods.Cons:Inspection and Compliance -> The property must pass an initial inspection and comply with health and safety standards set by the local housing authority.
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26 June 2024 | 11 replies
Also, you will pay ordinary income tax on whatever gets distributed to you from the inherited IRA, so the $100,000 you are talking about "pulling out" from the inherited IRA (assuming you mean as a distribution) will be taxable ordinary income this year.However, you do have the option to invest the inherited IRA in real estate with a self-directed (inherited) IRA.
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26 June 2024 | 10 replies
Regardless of the real estate type, I think it’s more productive to just make $600k a year in your job and get some great properties in great locations, enjoy the tax savings, and let time do its thing with appreciation and mortgage pay down.
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25 June 2024 | 9 replies
Why are you trying to pay $99/month when you can just go to in-person meetups and 10x the experience in 1 hour?
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26 June 2024 | 2 replies
Here in Denver, it makes so much sense to add that room or just pay a little extra for a 5br house up front.
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26 June 2024 | 4 replies
Requiring renter's insurance (separate from your property insurance) is also very important since they typically would not have the cash reserves to pay for a major damage such as water damage, ruined floors, fire/smoke damage, and you will be sued by 3rd parties if something happens to them while at the house if they have to go to the ER.
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25 June 2024 | 31 replies
My tenant was paying 2200 and my mortgage was 2700 per month.
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26 June 2024 | 1 reply
This ensures you’re not being overcharged or paying for unnecessary work.