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5 March 2024 | 10 replies
I would then keep the extra hours going towards increasing my pension, extra overtime hours that would have been spent on my rental, my year-end bonus would be bigger, and I can come it with a significantly higher cost basis lowering my tax liability.
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5 March 2024 | 18 replies
The costs on your vacation rental could be quite high, pushing any increased return far into the future.
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7 March 2024 | 82 replies
Thus the reason why most people are much more successful on one platform versus another because as your booked rate increases so does your search ranking on that platform and then it continues to fuel itself.
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4 March 2024 | 34 replies
It's wise to seek independent verification, possibly from a JD/CPA well-versed in newer tax laws, to ensure the best course of action.
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4 March 2024 | 9 replies
Seek out prospects with fair property pricing, high rental demand, and room for appreciation.To diversify your portfolio, look into other real estate investment options such multi-family buildings, single-family rentals, and REITs.Family needs: Talk openly with your wife about your investing ideas and financial objectives.
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4 March 2024 | 17 replies
Talk to the tenants and ask if there have been any problems with the gas as the usage has increased compared to last year.Without separate meters, have each unit pay 50% of the bill assuming the units are similar size.
5 March 2024 | 11 replies
I just heard back from the bank and her response to my inquiry I emailed and said"I'm not finding any information that the adverse market refinance fee is still active, I've only found information to the contrary.Linked article from The Federal Housing Finance Agency mentioning the fee has been done away with as of August 1, 2021"Her response"You are correct, no hit for Cash out on primary residence, that has gone away but we do have adjusters for Loan to value and cash out loan to value along with credit score and 2-4 unit"This is problematic to me on so many levels, why was she willing to increase my interest rate based on her ignorance, who is watching and making sure these lenders are doing the right thing?
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4 March 2024 | 7 replies
Keep in mind you are a real estate INVESTOR, not a Property collector.Second, you have to flip your cash from one property into the next, with each flip increasing the dollars you have to advance.
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5 March 2024 | 28 replies
I think he might just increase his insurance liability coverage per property.
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3 March 2024 | 7 replies
Hi All, I am a landlord in NJ and am seeking your guidance on what kind of renter insurance coverage I must make mandatory to the tenant.1) So far I have been asking for following bare miniumum coverage.