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23 May 2024 | 11 replies
For a more involved approach, suggest that tenants track their appliance usage for a more accurate and cooperative adjustment of payments.Hi @Jay Thomas, I looked into the additional meter.
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24 May 2024 | 6 replies
She will lose it.They are offering to pay off her $87,000 debt, they will remove the squatter, they will pour money into the property to ensure it sells for the highest value, and then they will give her an additional $240,000.She is getting $327,000 for a property that she is about ready to lose and it's probably affecting her mental stability and physical health.
21 May 2024 | 10 replies
And in many cases you're able to write off almost off of the income from the DST against depreciation because of the nature of the non-recourse loans and your ability to buy additional depreciable basis.
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22 May 2024 | 2 replies
_____________________________________________________________Current Rents:House: Basement Apt: Current owner occupies $0House: 4 bed, former BnB, currently 1 room LTR, frequently STRs (travel nurses) 8001 BR Apt: $1000Studio: 900Cabin 1br: 1000Cabin Studio: 700Current Gross Rents: 4400___________________________________________________________Potential Rents - All rents are currently below market*:House: Basement Apt: Owner occupies $1500 ($0)House: 4 bed LTR $2800 STR $5500+ BnB 20,0001 BR Apt: $1500Studio: 1200Cabin 1br: 1500Cabin Studio: 1200*There is an addition attic apartment unused: 1200Potential Gross Rents: LTR=$9400 - STR=$12,100Tax:530/moInsurance:250/moAssumptions: Small family wanting to househack and come as close as possible to no monthly expense.
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23 May 2024 | 9 replies
c) Can income (rents paid to me) and expenses (e.g. electrician) be paid directly to the holding company?
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23 May 2024 | 7 replies
I am exploring STR as a strategy to use accelerated depreciation to offset my W2 income.
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22 May 2024 | 30 replies
Thanks for your answer.They charge me 7% from gross income plus 13% of any repair or rehab wether I bring the vendor or they do it.how do you think?
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24 May 2024 | 8 replies
It is the funding that I am lacking.I feel that I am in a stalemate and the only way to purchase my first rental property is to generate more income than I am right now to get to the point of being able to pay the downpayment.Thank you all for reading this post and I appreciate any responses and advice.
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23 May 2024 | 7 replies
Accelerated Wealth Building: Room by RoomHouse hacking allows you to tap into a unique source of income by renting out portions of your home.
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23 May 2024 | 3 replies
She doesn't have enough monthly income.