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13 February 2025 | 8 replies
It sounds like a single family house where you will be living in the house(personal use).Therefore, you may not be getting the tax benefits you think you are.Consult an accountant.I am not sure why your sister would agree to this as well, she is losing $170,000 in this transaction and she faces the possibility of you increasing her rent.You also have to charge market rent or close to market rent or it is all deemed personal use.
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20 February 2025 | 19 replies
This rental income may not be included in effective income.
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31 January 2025 | 26 replies
They are asking me to call them… see message below:“We are very interested in your property and would like more information, particularly about the proximity of the amenities to the location.
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19 February 2025 | 13 replies
I am pissed at the company and in search for a decent management company at this point.
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2 February 2025 | 2 replies
You make the deal, not find the deal.
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17 February 2025 | 5 replies
In some cases, we give them a 60-day notice but in this circumstance, we would stick to what the law requires.
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3 February 2025 | 5 replies
The BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) could also be a great strategy to recycle your capital.To find deals, try direct mail campaigns targeting absentee owners or distressed properties, or go driving for dollars in neighborhoods with strong rental potential.
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7 February 2025 | 2 replies
I suggest reading Turnkey Revolution by Christopher Clothier - GREAT insight on TurnKey investing.
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18 February 2025 | 2 replies
Whooping $815 more cash-flow What made you interested in investing in this type of deal?
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23 February 2025 | 13 replies
This excludes 800 a month in property tax.