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14 March 2024 | 26 replies
its a big pain in the butt to coordinate showings with tenants and you dont want to burn out or piss your tenants off by inconveniencing them with potential buyers who maybe just kicking tires..
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14 March 2024 | 0 replies
Most likely higher prices in 2025 and 2026 as a result, along with increased competition and missed opportunities for appreciation this year to those who wait.At this rate, the only event that has the potential to cause a downturn in the Raleigh real estate market is if suddenly everyone stops moving here and buying here OR the economy at large experiences a deep recession.
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13 March 2024 | 17 replies
I like the idea of sellers doing their own pre-inspection prior to listing and sharing that with potential buyers, and I’ve recommended that to sellers before.
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15 March 2024 | 93 replies
Between the main semi-monthly meetings and the various sub-groups there are probably 5-10 or so potential meetings each month that are strictly content and networking with local investors.
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12 March 2024 | 36 replies
However, there are other strategies you can consider to optimize your tax situation:Maximize Deductions: Ensure you're fully utilizing all deductible expenses related to your rentals, such as maintenance, repairs, property management fees, and travel expenses to the properties.Depreciation: Make sure you're taking full advantage of depreciation on the properties, which can significantly reduce taxable income.Cost Segregation Study: For larger properties, a cost segregation study can accelerate depreciation on certain parts of the property, offering more upfront tax savings.1031 Exchange: If you're considering selling any properties, a 1031 exchange allows you to defer capital gains taxes by reinvesting the proceeds into another rental property.Energy-Efficient Improvements: Tax credits may be available for making energy-efficient improvements to your properties.Rod
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13 March 2024 | 0 replies
For example, I think it would be nice to have a 20 year spreadsheet for LTR showing 2 roof purchases at the 10 and 20 year mark (assuming 10 year roof) and then each system listed with its expected respective replacement year to get a picture of potential capex spikes,This may lend to moving replacements expeditures around to balance the outlay of capex dollars over the life of the property.Thoughts?
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12 March 2024 | 0 replies
She started yelling and screaming and I'll be honest, I wanted to match her energy in the moment.
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13 March 2024 | 2 replies
The main issue that I have is that the tenant has 2 more years left on the lease and in order for me to fix all the mess in the basement I would have to remove tenant. all plumbing, electrical and structural is potentially dangerous.How do I manage repairs if tenant doesn't want to move?
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13 March 2024 | 2 replies
Received a text from a potential tenant today.
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14 March 2024 | 9 replies
My Strategy:- Buy with primary goal of renting in the future- Live-in flip for the first 1-2 years to build equity and increase potential rental price Exit Options:- Refinance and rent the property, using equity and savings to buy again, move in, and repeat- Pull equity that built due to small renovations done over 1-2 years and purchase another property w/ intent to rent, staying in this first one- Sell/1031 (thanks to forced appreciation from reno)Will this work regardless of the asset being a townhome or SFH, or am I missing something?