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24 February 2024 | 11 replies
Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.
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23 February 2024 | 1 reply
For this I will also receive 10% of future rental income for both properties, WHICH would be a 11% annual ROl for me.
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23 February 2024 | 14 replies
I have a portfolio of under 10 properties.In their services performed, my CPA wrote: "Preparation of 2016 federal and state individual income tax returns, including organization and analysis of transactions.
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23 February 2024 | 6 replies
Maybe because at the end of the year based on your earned income you can right off depreciation and other tax benefits that saves you $25K?
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23 February 2024 | 4 replies
This could happen faster than income from new loan originations.Mortgage Officers are Choosing Not to Renew their Licenses at a Wild Pace.
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23 February 2024 | 14 replies
By the end of this year you could be selling homes and have a much better income coming in to fuel your investment goals.
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23 February 2024 | 8 replies
This eliminates a lot of side hustles and the only means of getting some side income is through stock investments or real estate investments.
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23 February 2024 | 4 replies
Many of these loans are not full doc and we don't look at personal income or employment status, so those factors don't really matter.
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23 February 2024 | 13 replies
Which they don’t clean so it’s additional income haha.
23 February 2024 | 4 replies
Our monthly surplus income, after accounting for all expenses, amounts to $3,800, providing a solid foundation for potential mortgage payments or land-related expenses.While I am confident in the value of the land to my operations and its long-term potential, I recognize the importance of careful financial planning and strategic decision-making.