
12 June 2024 | 4 replies
I don't know much about TSPs, but instead of withdrawing early and incurring taxes and penalties, can you convert it to a self-directed IRA?

12 June 2024 | 4 replies
I can quickly create bank accounts for each property, the categories for tagging your transactions align perfectly with your Schedule E for taxes and I can do all of my tenant related functions like tenant vetting, lease creation and collecting deposits and rents.

12 June 2024 | 4 replies
FHA covers 1-4 units and you can use the rental income to help qualify.

10 June 2024 | 8 replies
.- Tax Benefits: building deprecation, cost segregation, write offs etc..- Principal debt paydown: tenant paying off your loan.- Cash flow.Once the above are all added up, your true Rate Return will by far exceed your returns with stocks.Now regarding the different type of real estate, that depends on a lot of factors and mostly on your financial goals and where are you in life today.

10 June 2024 | 19 replies
On you ADU COC you used full rent income.

12 June 2024 | 20 replies
I'm in a final round with a company but steady income has not been secured yet so if I could at least cash flow that would really help me stay afloat for the time being.Obviously I could market the unit as-is and potentially rent to someone but won't likely be able to rent to a section 8 tenant which I was hoping for down the line.I was considering starting off with 3-month leases with auto renew and I have been VERY clear with him that if he is unwilling to pay on time that I still am treating this as a business and am not afraid to evict him.
12 June 2024 | 3 replies
They are often used to finance large, income-producing properties and offer competitive interest rates and longer loan terms.

12 June 2024 | 2 replies
fast forward to 2000s my mom asked me to pay the property taxes so Ive been paying it since then.

10 June 2024 | 4 replies
We are choosing new build because A) our family 4 has a certain size demand B) the price-quality ratio doesn't seem to make sense when considering a preexisting home C) with interest rates being at near 8% with preexisting homes, builders are offering 5.99% interest rates and the exact home we are looking at is about $75K discounted because it's a spec home and the builder doesn't want to pay taxes on it.So, live in it for 5-6 years hopefully rent it out with a fully finished basement for potentially $4,200 in 5-6 years.

11 June 2024 | 8 replies
My true log was not as much savings but he doubled my lost income at the same time.