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22 May 2024 | 8 replies
I was very moved, we made a deal that fit their needs, we brought down the interest from the original 8% I was asking to 6.5% to meet their monthly max budget.
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21 May 2024 | 4 replies
If the furnace is separate from the unit, I also have an inspection clause allowing me to inspect for necessary repairs (leaky faucets/toilets), etc, etc quarterly.
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22 May 2024 | 7 replies
If it opens in 2025 the vast majority will probably start to move/migrate within the first 3-6 months of 2025.
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21 May 2024 | 8 replies
It may not be here tomorrow, and taxes won't matter then.That said, if you're trying to estimate your future tax benefits, keep in mind these things:- depreciation is only applicable to rentals- depreciation starts when you place the property "in service," not when you buy it- depreciation increases your deductions and consequently your tax losses, but you may or may not be able to benefit from these losses, depending on your overall tax situation- if you do have room for additional depreciation, you may be able to amplify it with cost segregation (a separate topic)
23 May 2024 | 10 replies
This constantly gets my name out there and now I’ve got people approaching me about moving into my units on a regular basis.
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22 May 2024 | 20 replies
I advise people to hold property forever unless they can move the money into another investment that produces a greater return or moves them closer to their goals.
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21 May 2024 | 33 replies
Is it standard for the contractor to ask to pay their licensing fee and a separate fee to pull the permits?
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22 May 2024 | 31 replies
Hi BP, I'm considering selling off my small portfolio of 3 SFH's and moving the money into either a Delaware Statutory Trust via a 1031 or just selling and paying the tax and then reinvesting the money in a syndication.
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22 May 2024 | 5 replies
I was wondering - if I move one of the properties to an LLC, will that lower my personal DTI to allow me to refinance the one that is still under my personal?
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20 May 2024 | 19 replies
Because liability insurance + homeowners insurance + separation of finances + taking care of my property and tenants + being leveraged (the bank owns the house and anyone that might sue me will be in line after the bank) = a fine liability strategy for an investor starting out.