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18 March 2024 | 15 replies
They took it back and had is audited and redone by someone "whose been doing this for a long time" and when I got it back, the updated amount due was literally a fraction of what they initially stated (my taxes due were literally overstated by like $15k)But then, someone else reviewed it one more time and again, they caught something else they "missed" which changed my amount due again and it went up by another $4k or so.At this point, I've called in my old tax preparer and she's doing her own audit so that we can compare the 3 returns TS has given me with what she gets — which is another expense incurred for me.
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19 March 2024 | 11 replies
I have always thought a business name as the host was more impersonal.
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18 March 2024 | 16 replies
Be prepared the do quarterly walkthroughs or drive throughs.
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19 March 2024 | 5 replies
I am beyond the two years required.What I am trying to do is find a way to buy a multifamily using FHA 3 1/2% down payment as opposed to 20% or 25% as an investment property.I have a situation where it would be beneficial for me to try and help my mom and my sister move into a place because I can afford to purchase it… The grey area is whether or not they are considered family members per FHA guidelines to qualify for the 3 1/2% down payment. on the FHA website… It says family members are considered parents, sisters, brothers, etc.I am definitely not trying to do anything illegal, I just thought maybe if I sell my primary residence… I could buy the multiunit per FHA guidelines as long as my mom and my sister are considered family.I have been told that the 12 month or 24 month living requirement only requires one family member to live in the home… So if my mom and my sister are considered family members… Does that meet the requirement?
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19 March 2024 | 15 replies
Trying to find someone that is honest and genuinely cares about taking care of the home and tenants seems to be more difficult than I had thought in the Cleveland area.
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19 March 2024 | 9 replies
Been doing it for almost 15 years, our lease is tried and true and 9 pages long.initial thoughts are maybe it's a blessing in disguise but hard to tell without seeing your 19 page lease.
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18 March 2024 | 1 reply
Your insights and experiences are instrumental in shaping this discussion, so don't hesitate to join in and share your thoughts!
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18 March 2024 | 0 replies
“In the UK ‘more than a million households will see a significant jump in monthly payments’ this year as ‘the next batch of UK homeowners to have their mortgages repriced are preparing to make personal sacrifices”(Bloomberg).
19 March 2024 | 12 replies
Thank you@Jimmy Alfaro Have you thought about out of state investing?
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18 March 2024 | 17 replies
Hey there, I love your predicament because I am currently facing a similar situation, but I will offer my thought and what is motivating my decision. hopefully this could be helpful.we bought during the pandemic and locked in 2.25% rate. last thing I want to do is mess this rate. now with appreciation of almost $200,000 I am wondering what to do especially having created a new llc to focus on STR, flips,BRRRR and home maintenance. in taking this decision I believe you should consider location, which I think from your writeup suggest it's a strong area in terms of appreciation. next question is what market are you looking to invest in STR?