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18 February 2025 | 21 replies
In mid February, many tenants get caught up when they start getting their income tax refunds (depending how fast they file).Income tax refunds also give tenants the needed funds for first month of rent + security deposit, so they can move.Check out this graph, which was created from tens of thousands of data points:Regarding your property, suggest the following:1) Where specifically is it being advertised?
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19 January 2025 | 47 replies
Taxes have to be paid, so does insurance, what about maintenance?
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26 February 2025 | 22 replies
Also, you will have additional occupancy tax depending whether you are in the city limits or not.
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22 January 2025 | 12 replies
You're giving up some good tax benefits since you're in the tier of taking itemized deductions.
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30 January 2025 | 6 replies
Best to check with a tax pro to ensure compliance!
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6 February 2025 | 2 replies
$60k profit pre-tax.
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22 January 2025 | 3 replies
Lenders usually determine whether properties are lendable based on the debt service coverage ratio.
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15 February 2025 | 6 replies
Also, managing the property as a rental could offer tax benefits.When purchasing, keep in mind condo association fees and maintenance costs.
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3 February 2025 | 31 replies
I'd consider real estate debt funds and private lending but that's not on my immediate radar right now.
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17 January 2025 | 7 replies
I’d love your input on whether this deal could appeal to investors and how best to structure it.Property Details:Worth: ~$300,000HOA: $273/month, Taxes/Insurance: ~$170/monthCurrent Rent: $1,880/month (long-term); next tenant advertised at $1,950/month.Mid-term rental potential: ~$2,400/month (I haven’t tried this, but it’s my estimate).My Financing Idea:Large down payment: ~$125,000 (This is my priority to reinvest elsewhere).Seller-financed balance: ~$175,000 at 4.25% for 30 years.Buyers take over taxes, insurance, and HOA.Questions:1.