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16 May 2024 | 2 replies
My goal is to get into a house hack on a multi family duplex/Triplex in the near future.
16 May 2024 | 5 replies
I was wondering what is the best way to screen future tenants if I don't want to pay for a monthly subscription like tenant cloud or rentredi?
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15 May 2024 | 17 replies
I might be reaching back out to you both in the near future
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15 May 2024 | 16 replies
I don't know the numbers on your property, so I'll create a hypothetical:Assume your principal and interest on a $300k loan is $1,263.You're sitting on the potential to get $155k (tax free, btw), but the rate will be 7.5%, taking you're principal and interest to $2,100.Yes, it's $900/month more, but you have $155k of tax free money in the bank.
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16 May 2024 | 24 replies
Looking forward to connecting sometime in the future.
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15 May 2024 | 23 replies
Cleveland has a diverse real estate market with various opportunities, Cleveland is truly known for its strong cash flow potential.
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16 May 2024 | 6 replies
You can always refi in the future.
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16 May 2024 | 4 replies
For future years, we probably wouldn't meet the 500 hours test (though we still do participate a significant amount as we periodically re-stock supplies at the place, handle most maintenance issues due to shortage of workers in the town, and monitor sensors during guest stays - leak sensors/heat/stove).Specific Questions on Depreciation:Assuming that I have the qualifications for non-passive activity, I then have some questions on bonus depreciation and related stuff.5) It is my understanding that Qualified Improvement Property (QIP) bonus depreciation is probably not useful for me because I did most of the renovations prior to placing the property in-service (save for a few things).
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16 May 2024 | 4 replies
I will reach out to my city and hopefully get that approved here in the near future.
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16 May 2024 | 3 replies
I am going to start a marketing campaign sending letters to potential sellers indicating that I would be interested in buying their home.