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14 June 2024 | 5 replies
Those are geared more towards professional PM companies or landlords with larger portfolios.I'll message you directly with additional information on more afford solutions.
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12 June 2024 | 7 replies
My main goal is to get to that "next step" and use these assets to leverage 5+ multifamily, apartments, or cash out refi's to spread out into additional SFHs.
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12 June 2024 | 8 replies
The capital gain, $100k, is taxed at capital gain rates.The $36,360 in depreciation recapture is added to and taxed as ordinary income (No ss/med tax) up to a max rate of 25%….since it was deducted from your ordinary income as you claimed it each year.
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14 June 2024 | 23 replies
Thanks for the response @Tony Castronovo, I'll PM you for additional info.
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14 June 2024 | 8 replies
Check law to determine if you are allowed to discriminate by income source if you really only want Section 8 tenants.
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12 June 2024 | 6 replies
The seller provided the rent income history and all four tenants for 4 apartments are late and have been late in the past.
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15 June 2024 | 30 replies
I communicate with owners when there's a change in their income stream or when I need their permission to do something.
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11 June 2024 | 1 reply
Leveraging my expertise in property acquisition and renovation, I guided the client through each step—from identifying the ideal property and negotiating the purchase to overseeing the conversion process.The conversion involved reconfiguring the existing layout to add an additional rental unit, ensuring compliance with local building codes, and maximizing space efficiency.
14 June 2024 | 3 replies
My goal is to get this ship off the ground and save almost all the money I make from wholesaling to invest in cash flowing rental properties, so once I do make these deals and become successful and circumstances were ever to change for whatever reason, My income isn't only fixed on my ability to "Get a deal" to go through.Anyone willing to toss me a bone on this will be valued more than you'd understand.
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13 June 2024 | 2 replies
Additionally, face to face meetings trump all other forms of communication.