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17 January 2025 | 6 replies
Adding 16 small units can be very profitable, with enough profit for all those involved.
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9 January 2025 | 46 replies
I know your involved at a high level with Board of Realtors and state regulators ..
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9 January 2025 | 13 replies
After reviewing your application, we’ve determined that, unfortunately, we are unable to move forward with your application at this time, as it does not meet our established criteria for income and (other established criteria) We appreciate the time you took to apply and wish you the best of luck in your continued search for a home.
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23 January 2025 | 16 replies
The ordinary income tax on income passing through LLC-B applies on the income AFTER retirement contribution, home office deduction etc, which will make the income nearly zero and hence leaving only the SE taxes and NO income tax.
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23 January 2025 | 10 replies
I have 30+ units and on a regular month usually only spend about 5 hours total on management things, most of which involves collecting rents and bookkeeping.
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14 January 2025 | 5 replies
My understanding is that the ballpark standard of "unless it would be outrageously tough" (something along those lines) is what applies if you're doing a rehab, seeking new permits, doing structural changes anyways, and things of that nature.For existing pre-ADA structures, my understanding is that the standard is more along the lines of "if it can be easily/cheaply done, you have to do it."
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18 January 2025 | 18 replies
There are no problems being a landlord , just buy a property take the first renter that applies and rake in the cash .
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6 January 2025 | 5 replies
This initial negative equity position consumes the initial cash flow. 2) the addition of the adu makes the property multi family and likely makes rent control apply.
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19 January 2025 | 11 replies
Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.
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12 January 2025 | 12 replies
If you’ve yet to build up substantial credit in the U.S. you can apply for foreign national specific loans that don’t take credit history into consideration when qualifying as in some circumstances you can get better rates and terms applying as a FN when your U.S. based credit history is in it’s infancy.