
17 March 2018 | 15 replies
What brand of self sealed fire/carbon monoxide detector are people buying for their Baltimore rentals.

13 March 2018 | 4 replies
If you could tell your "newbie" self something from all the experience that you have acquired now in regard to lenders, what would it be?

11 March 2018 | 2 replies
The day I closed, we started work and the refinancing application simultaneously since the loan process would take ~45 days.

10 March 2018 | 1 reply
Should close by the end of the month.The Numbers-Sale price: 75kLoan: 80k (closing costs financed)Rent: 775Taxes: 74Mortgage: 388Insurance: 66Maintenance/Repairs: 38Property management (11%): 79CAPEX: 60 (relatively new big ticket items)Cash Flow (self managed): 94I'll have roughly $700 to put towards closing costs and $900 to spend on appliances.

20 August 2018 | 23 replies
Are you self managing?

13 March 2018 | 40 replies
Interesting strategy, and in spite of my debt-averse nature I am simply curious about how they make it work.No cash flow, or very little.Let's say no maintenance at first and self-managers get to keep the management fee, leaving $150/month ($1,800/year) profit on a $50,000 asset.

11 March 2018 | 3 replies
I know my self pretty good and if i was to buy my dream truck i would instantly regret it.Then have to live with paying the payments every single month when i could be saving those 700 dollars for my next investment property.

22 March 2020 | 33 replies
., there was a technical error, and the section of the tax code describing 15-year property (Section 168(e)(3)(E)) was in fact not amended to include qualified improvement property.So for now, strictly-speaking, in 2018, qualified improvement property is regular old 39-year property that is not eligible for bonus depreciation.We do expect that a technical correction to the law will be made, but for now the IRS has actually stated that it cannot guarantee that absent legislative correction it will accept the legislatively intended change in recovery period and bonus eligibility.Anyway, this is neither here nor there since you have stated you are a landlord of residential rental property rather than non-residential real estate.And this does not affect the application of 100% bonus depreciation to both qualifying new and used property place in service after 9/27/17 and before 1/1/23 that @Yonah Weiss pointed out.

11 March 2018 | 4 replies
I've paid off property with money saved by self-managing.

11 March 2018 | 3 replies
For agents that only do 1-2 transactions per year, it will take a long time to complete.In order to get the designation, an applicant must meet the following portfolio experience:-Three (3) or more qualifying activities totaling $30 million or more; or-Exactly ten (10) qualifying activities totaling $10 million or more; or-Twenty (20) qualifying activities with no dollar volume requirement.In general, designations don't increase business, they increase the level of competency.