23 April 2024 | 28 replies
or a list of property addresses that you want to find the owner info?
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26 April 2024 | 21 replies
Your rent avoidance is $100/month, $1,200/year, and $6,000 over 5 years.Taking these four factors into account let’s calculate your net worth ROI for house hacking.Your net worth ROI calculation over 5 years would look something like this:Appreciation: $108,280Loan Paydown: $31,807Tax Benefits: $0 (b/c you aren’t cash flowing)Rent Avoidance: $6,000Total Net Worth Increase: $146,087To calculate your net worth ROI over 5 years, you would divide your total net worth increase by your initial investment (your down payment of 5% or $25,000). $146,087/$25,000=584% This is an incredible return on investment.
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25 April 2024 | 7 replies
IRS Pub 523 has a lot of additional info, and it lists "Where you spend the most time" as the most important factor in determining your principal residence.
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27 April 2024 | 19 replies
Make sure your due your research and create yourself a check list that makes sense to you so when your out there making offers you can take that property through your checklist and see if that property meets your needs for what you are trying to accomplish.
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25 April 2024 | 25 replies
The concept here is to get to the point where your tenants pay for your housing expenses, which should give you some excess income to save and invest.These initial steps could get you to a point where you have a few doors and maybe even have your tenants covering your own housing expenses.Think carefully about selling, it seems counter-productive if you want to be an investor.
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25 April 2024 | 7 replies
It's one of the "nevers" many of us keep a list of.
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25 April 2024 | 6 replies
Sales seem to be keeping up with Listings with no major changes compared to 2023.
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24 April 2024 | 7 replies
As an aside I buy properties I can fix up upon the initial purchase or shortly thereafter so as to minimize future expenses.
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25 April 2024 | 3 replies
I would get 3-4 listings from Jan 2024 until now.
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24 April 2024 | 11 replies
Is this feasible if the initial purchase require a loan?