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20 February 2024 | 24 replies
In my opinion: Your current income is a major factor.
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20 February 2024 | 7 replies
You can access the equity via a few different ways to purchase your next property (cash out refi / HELOC / etc.) and since you'll be doing everything by the book and all of your tenants will have leases, you can use those to help with your DTI (debt to income) for future purchases.There's a lot there.
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20 February 2024 | 11 replies
If you property has been your primary residence and it's been less than 24 months, you may decide to hold off until you’ve reached that threshold to avoid capital gains tax (unless you are okay with opting for 1031 exchange or doing QOZ Fund)If you still decide to sell your property within 2 years, try to stretch your ownership out to at least 12 months, or your profit will be taxed as ordinary income.
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21 February 2024 | 8 replies
He is definitely "the real deal" in terms of he is a very successful entrepreneur with a big net worth and several streams of income (one of them being these future flipper course sales).Here's my 2 cents.
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20 February 2024 | 3 replies
Trying to make some passive income and open to suggestions
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21 February 2024 | 42 replies
We know all the gurus tell us that we do, right before they pitch us their course or services, but is that just them diversifying their income?
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20 February 2024 | 21 replies
He had a female CPA on who talked about the benefits of an STR Loophole for those of us who have W2 income as a way to take deductions that are normally not permissable when the tax payer makes a certain amount of income.
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20 February 2024 | 13 replies
The city has a strong rental market driven by population growth, providing stable income streams for investors.
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20 February 2024 | 16 replies
Terms can vary widely in this category from annual interest rates, prepayment penalties, income calculation, DSCR ratio, maximum loan to value, minimum and maximum loan size, amortization period, and requirements to escrow taxes and insurance.
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20 February 2024 | 23 replies
Here are some considerations and tips to help you make the most of your turnkey investment strategy:Pros of Turnkey Properties:Ready for Rental: After refurbishment, turnkey homes are usually ready for occupancy right away, saving you the time and hassle of doing repairs and improvements.Professional Management: A lot of turnkey companies provide property management services, taking care of tenant selection, rent collecting, upkeep, and other daily tasks on your behalf.Passive Income: Investing in a turnkey property allows you to immediately begin earning rental income without having to take on major maintenance or remodeling tasks.Tips for Investing in Turnkey Properties:Take some time investigating turnkey suppliers in-depth and select reliable businesses who have a proven track record of effective property management and satisfied clients.Make sure you have done your research about the property, its surroundings, the nature of the rental market, and its potential for long-term income flow.Analyze the financials of the turnkey property.Even though turnkey homes can generate rental revenue right now, think about your long-term investing objectives and plan.