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24 June 2024 | 3 replies
If you're comfortable meeting in person, I would follow up with an email outlining what was said in person to the tenant with the resolution of the conversation also in the email.
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27 June 2024 | 26 replies
It's similar to how you report it for tax purposes in years where you aren't selling it, you report 50% (or whatever % is allocable to each side) as rental property and depreciate that 50% while the other 50% is your own personal residence and therefore is not part of Schedule E.
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24 June 2024 | 4 replies
Last year we were able to connect an investor of a coastal six plex with our personal credit union and due to strength of borrower and property, they provided a non-member with a 25% down mortgage with a 25 year amortization on a property the seller was requiring 'cash only' due to the presumed challenges of multi family financing.
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25 June 2024 | 4 replies
Hi Ashwin,I do not personally know about this area, but I can give you some insight on how to go about finding out: Investing in properties near I-44 around 63rd and Kelley in Oklahoma City requires careful consideration of neighborhood dynamics, rental demand, and property condition.
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25 June 2024 | 3 replies
As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio.
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25 June 2024 | 7 replies
I'm up to 10 doors (including personal residence) and have six more under contract.
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25 June 2024 | 6 replies
Personally, it's not for me.
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24 June 2024 | 8 replies
If the IRA fails to pay property taxes or insurance bills - you are then personally responsible, which would be a violation of the IRS rules.
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24 June 2024 | 2 replies
Our personal house had previous work done but the piers were poorly done, and we noticed dry wall cracks and tile floor "separation" about 2 years back.
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26 June 2024 | 32 replies
As others have mentioned, there is a personal aspect to doing it this way since it involves yourself, spouse, and possibly a family.