
9 July 2024 | 21 replies
Additionally, it's beneficial to have before and after photos if available.

8 July 2024 | 6 replies
Make a lower offer that reflects more than the additional cost of that problem.

7 July 2024 | 9 replies
One often overlooked item for those who invest in Ohio is not filing the locality returns.Ohio is a unique state where they require locality returns to be filed in addition to the state return.

7 July 2024 | 3 replies
This is where most ADU additions have issues.

8 July 2024 | 2 replies
This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.

6 July 2024 | 5 replies
This could provide more opportunities for investors to find suitable properties for flipping.- Interest rate fluctuations: Mortgage rates are predicted to decline, potentially dropping to around 6% by the end of 2024.

8 July 2024 | 3 replies
The rental property itself provides the tax benefits and not necessarily the entity structure.Depreciation should wipe out your cash-flow from being taxed, especially given the high prices of properties right now.You should have your tax returns reviewed if your properties are reporting positive taxable income.

8 July 2024 | 11 replies
I appreciate any advice you could provide.

8 July 2024 | 35 replies
With the Shenandoah River running right through the Valley, it makes any property on the river a hot item but could potentially add additional insurance to the property for being in a flood zone.

8 July 2024 | 3 replies
How accurate is the data provided by AirDND in terms of price and occupancy or do you use a different website to analyze deals?