21 April 2024 | 3 replies
The answer is no.You may be able to pro rate.... nope I'm just going say you better talk to your CPA on this one.
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21 April 2024 | 2 replies
I have been investing in residential real estate since 2012 first in California and then in Florida.My cash flow has been slowly and regularly increasing during the years thanks to the cap on property tax increase in these 2 States (IE proposition 13 in CA and 10% cap on investment properties in FL).Recently I started to analyze deals in Texas and Indiana for my next rental property.Reading some posts on this platform and talking to some investors, I quickly realized that, during the years, all the rent increases will be eaten up by the regular property tax reassessments.I think many investors often underestimate this issue.Am I missing anything?
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22 April 2024 | 14 replies
No book, I just do the mortgages and talk to folks.
21 April 2024 | 1 reply
Every State/County has a DPA program and you also have CHENOA as well that can help with both down payment and closing costs.Feel free to reach out if you have any questions I am always happy to help or talk REI.
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20 April 2024 | 26 replies
Talk about a sweet house hack deal.
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22 April 2024 | 12 replies
If you are putting two units on electric heat I am guessing you would need to repipe eveything to seperate water so best to talk to the plumber.
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21 April 2024 | 9 replies
Maybe I'm being nit picky here but I talk about this stuff day in and day out with investors getting started in Detroit.
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22 April 2024 | 15 replies
I would recommend you continue doing what you know works.
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21 April 2024 | 5 replies
None of the traditional mortgage lenders I've talked to so far are willing to do this, as it's more of a commercial loan.