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15 March 2018 | 4 replies
@Scott EdwardsI think part of the reason this isn't usually taken into direct account is everybody's tax situation, bracket, etc. is different, so it's very difficult to estimate how owning a particular property will impact their tax liability for the year.With that being said, it's a definite benefit of owning real estate and more sophisticated rental property calculators do show the tax benefits (like depreciation and mortgage interest deductions).
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15 March 2018 | 6 replies
It can make an eviction for other causes extremely difficult.
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15 March 2018 | 3 replies
At the same time, it can be very difficult to determine if they're doing a good job for you are not.
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21 March 2018 | 36 replies
On one side of banks’ balance sheets lie risky assets; on the other lie liabilities the public thinks safe.
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16 March 2018 | 8 replies
The buyer doesn't perform you typically have to just go file an eviction just like with a tenant except when is the bond for deed filing eviction it will usually take about 45 days to complete the eviction process.I've done a few over my time both buying and selling and it's not that difficult.
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15 March 2018 | 6 replies
I decided to fully cash out my Thrift Savings Plan (retirement fund) and pay the entire balance on my credit card.
16 March 2018 | 3 replies
This is difficult to answer without more details.
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20 March 2018 | 6 replies
I could sell one of my properties (condo) use, that money for flips in Atlanta within the next 1-2 years build up additional funds to acquire an apartment complex, and to grow my portfolio, but I want to hear from some experienced investors and what they would do if they were in a similar position.Current Picture/Portfolio: Property 1: Condo (Atlanta, GA 30328)Current Rent = $1550/MonthUtility Reimbursement = $200-300/MonthHOA $383 (In line with HOA's for other communities) Purchased June 05th, 2015 and resided in property until Jan 22nd, 2017 (Total of 1.64 Years)Lease Started Jan 23rd 2017 and Lease Ends on June 30th 2018.Current Equity 135,000 (Purchase Price) - 85,000 = $50,000Current Comps Similar Properties are selling for $155,000 to $170,000Current Mortgage Terms: 15 yr Fixed 3.325% Monthly payment of $996 (Includes Insurance and Property Taxes)Anticipated Total Earnings if Sold at End of July $64,500 (Sell Price $155K) to $78,500 (Sell Price $170K) Property 2:Town-home (Peachtree Corners, GA 30092)Current Rent = $2000-4000/Month (AirBnB) 60-70% Occupancy since November of 2017Purchased July 28th 2017 and currently residing in basement house-hacking with my younger brother.HOA $325/Month Covers, Water, Lawn Maintenance, Sewage, Security GateCurrent Equity 336,000 (Purchase Price) - 265,000 (Remaining Loan Balance) = $71,000Current Comps Similar Properties are selling for $345,000 to $360,000 due to private/public school ratings going up shortly after purchase.Current Mortgage Terms: 30 yr Fixed 4.326% Monthly payment of $1823 (Includes Insurance,PMI, and Property Taxes.)
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16 March 2018 | 14 replies
Doing so will disqualify your IRA with the penalties up to 100% of the account balance.
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19 March 2018 | 3 replies
If you close a credit card with no balance, all you're accomplishing is lowering your borrowing power by whatever the credit limit was.