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21 November 2024 | 3 replies
Quote from @Pat Arneson:Usually, the city website has all the utility companies for the city that you should be contacting.
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)
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12 November 2024 | 11 replies
Quote from @Chi Sastry: Quote from @John Clark: Quote from @Chi Sastry: Hi BP fam!
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17 November 2024 | 13 replies
Thanks Jason, this is really great input.
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20 November 2024 | 9 replies
Quote from @Hunter Hanlon Taylor: Quote from @Eric Veronica: Congratulations on the graduation this spring!
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30 November 2024 | 6 replies
Competition is much lower this time of the year and the election has further slowed down the market, which creates opportunities for savvy buyers.
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14 November 2024 | 3 replies
Quote from @Angel Peng: Currently in contract to close on my first duplex but the Landlord insurance cost took me by surprise.
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15 November 2024 | 4 replies
I am from Austin, so close by!
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13 November 2024 | 14 replies
Any advise about how to handle this situation?
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20 November 2024 | 8 replies
Quote from @Chris Seveney: The problem is that they used a registered agent.