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8 April 2024 | 6 replies
I've been saving up for my first property purchase, specifically aiming for a duplex.
8 April 2024 | 2 replies
I on the other hand, am hoping we can save for 1-2 years and then use that as a down payment and rent our current primary.
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9 April 2024 | 21 replies
all the time, so I try to every now and then share it with others and answer any questions.Location: Metro DetroitPrimary target: Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 8-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-7%+ (has been double digit for last decade)Location: C+, B- Some Notes:- I don't actually save 15% for vacancy, maint, capex any more.
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8 April 2024 | 8 replies
Changing your 2023 return would not save you a single cent anyway.
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10 April 2024 | 20 replies
I used to like to do all of the leg work and source my own deals but they save me the time and effort.
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8 April 2024 | 7 replies
I definitely recommend Turno, it has saved me a lot of organization time these last few months.
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8 April 2024 | 2 replies
I calculate that a quadplex would make my effective rent $350 below what I'm paying in rent today and when its fully rented it would bring in $700.It takes longer to get the quad but it has a positive effect on my saving rate versus treading water in the duplex which requires me to move to "make" money.
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8 April 2024 | 3 replies
Hi Jessie, my team specializes in Pre-foreclosures -- we've saved over 500+ homeowners from foreclosure - pro bono.
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8 April 2024 | 15 replies
@Thomas Rutkowski, You also state "...And because of the fact that it is done through a qualified intermediary, the depreciation recapture is deferred for the same reason that it is in a 1031 exchange.Readers should take note that the California Franchise Tax Board has issued negative guidance regarding using the Deferred Sales Trust, Monetized Installment Sale or other installment sales techniques to "save" a failed 1031 Exchange.