FIVE FACTS:The local housing market continues to avoid most negative consequences of the COVID-19 economic downturn when compared to other sectors of the Madison County economy.Gross Domestic Product, the sum of all goods and services produced in the region, for the Huntsville metro area has increased 26% since 2011.This quarter saw a significant increase in the median sales price at $248,680.Days on Market dropped to another record low of 29 days, compared to 45 days this time last year.Listings remain low, but there was an increase of 295 from the first three months of 2020.https://haar.realtor/area-market-avoids-pandemic-downturn/

It takes time and effort, but can produce some pretty fantastic deals.You should also join a local investor group and network with other investors.

Tends to be a bit biased for CA news but she consistently produces a valuable and concise show

It's based on all the facts and circumstances, however with proactive planning one could potentially produce a desired result.The decision to aggregate properties for a material participation decision under the passive activity loss rules is binding and shouldn't be taken lightly.Keep in mind that accumulated passive losses for a particular activity (i.e.

So if you had a property that produced $2000 in rent every month, but $700 goes towards repairs, cap ex, utilities, HOA fees etc, and $800 of that goes towards the lets say 30 year fixed mortgage for the house/duplex in this case.

Your primary residence takes money out of your pocket as a liability, while an income producing rental property puts money back in your pocket as an asset.

You can sell and purchase a better producing property. 

The good thing about house hacking is how little down you can put on an income producing property.

MY title company made them produce it and place it in the record. 

There were additional homes on the property that were not rentable or producing income.