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10 March 2020 | 101 replies
The whole issue of "does gross income include cleaner fees" is further complicated by the fact that from a TAX perspective, it absolutely is income.
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18 February 2020 | 6 replies
RULE Always don't complicate a house hack
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18 February 2020 | 13 replies
Unnecessary evictions just create expense and headaches for the LL.
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17 February 2020 | 3 replies
It's a complicated manuever, way more so than a simple reverse because a NNN lease cannot be used to give you control of the property.
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18 February 2020 | 1 reply
Money wasted in purchasing tooling and material that is unnecessary.
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11 March 2020 | 6 replies
We are also reducing other unnecessary expenses.
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17 February 2020 | 2 replies
DIY Choose your market Use an excellent property manager Choose the right property - depends if it is the right location Talk to local investors to get a feel for the market2.) long distancepartner "boots on the ground" Can bring many challenges with it Go on bigger pockets forums a lot to minimize riskTurnkey Buying an investment that is remodeled with tenant in place and property management company in placeBenefits: service ata distance, market insight, professional staff, marketing machine, managementexperience, simplicity.Downside: financial,analytical, ethicalCh. 7 Types of Rental PropertiesSingle-family homesPros: plentiful, strong exit strategy, involves fewer bills, easy to finance, easier to manage, more stable tenants, better appreciation, less expensive to buy, Cons: high cost per unit, slower to scale, limited loans, expensive rehabs, more competition Multifamily Real estatePros: more cash flow possibilities, one loan and multiple units, one insurance policy, math over emotion, business not a hobby, income valuations - based on ROI they give the owners, less competition from homeowners that jack up the priceCons: More expensive, more management intensive, more savvy competition, more complicated, fewer to choose from, government regulationsCondosShort for condominiums Each unit is individually owned by a person HOA feestownhomesLess apartment feel Usually share a wall with the other unit Still have HOAsREOs/Foreclosures - "real estate owned" Usually something distressed about the property - investors need to see past the superficial flaws Banks are numbers-driven, not emotionalFixer-Uppers - a property that needs significant or minor rehab donePros: less competition, forced appreciation, potentially more cash flow, unique financing optionsCons: hidden expenses, stressful, more out of pocket costsQuestions you should ask yourself: How bad is it?
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18 February 2020 | 3 replies
It's more complicated to calculate (can't be done by hand) but it can easily be done with an excel spreadsheet.
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18 February 2020 | 2 replies
Since there will be tax/ capital gain issues, it seems more complicated than I think.
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19 February 2020 | 4 replies
But you can call and find out what they say.Being intestate complicates things.