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16 April 2024 | 6 replies
Buy 4 more properties - one approximately every 3 months, based on the following logic = always fill existing property with a tenant prior to moving on (I'm new, and this is my way of managing risk); build resources to purchase next property (I have pretty decent purchasing power right now through conventional lending with my current job, and I also have a private lender ready to loan on my next property, and I also get a quarterly commission check that provides a nice financial bump every 3 months); finding a property takes time, but it is worth it to find the right property in the neighborhoods I want to invest in, at the right price.
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16 April 2024 | 0 replies
The Augusta Rule, known to the IRS as Section 280A, allows homeowners to rent out their home for up to 14 days per year without needing to report the rental income on their individual tax return.Originally created to protect residents of Augusta, Georgia who would rent out their homes to attendees of the annual Masters golf tournament, the Augusta Rule applies to any taxpayer who owns a home in the United States, provided that your home is not your primary place of business.How Does it Work for the Homeowner?
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17 April 2024 | 7 replies
You don't HAVE to buy points, but if you have a high DTI, the lender might not be able to do the deal unless you do, we can't tell from the information that you've provided here.
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16 April 2024 | 0 replies
Providing something unique in a very competitive environment is essential Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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16 April 2024 | 11 replies
-I like investing in college towns, as I feel it provides STR and LTR opportunities.
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18 April 2024 | 12 replies
Consider the services they provide and the quality of those services.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.
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16 April 2024 | 2 replies
It sounds like your tax advisor should have included the depreciation from the cost segregation study provided by Capital Square.
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17 April 2024 | 34 replies
The also encourage people to do door knocking on the pre foreclosure list, and the use of bird dogs to do it.That is in summary their core marketing education, although Brent Mott, from their team, offers additional marketing education during some weekend every month, which provides some good quality education.Their educational program also includes scheduled support calls with Shenoah and other people in the group, several days a week.
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16 April 2024 | 6 replies
If new communities were being built on the outskirts of cities and that trend continued, as cities grew new parks would provide for parks to (I know this can be a bad word) be gentrified without losing the affordable housing.
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16 April 2024 | 0 replies
Building strong relationships with brokers was essential, as it provided access to valuable deals.