Deonte Hill
Condo BRRR - Worth the effort?
15 March 2024 | 8 replies
While Section 8 rentals offer stable income, be prepared for additional regulations and inspections, and thoroughly research program guidelines.
MiKall D.
Remote Employee: Should I request my employer change my primary work location?
15 March 2024 | 1 reply
(WI taxes on my corporate income, concerns from my employers perspective, etc.)Scenario 1: Request my employer mark my work location as 'Remote'.
Lucas Moncada
Is it all about the money?
15 March 2024 | 21 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Casey Nelson
Newbie here, trying to start another project
15 March 2024 | 5 replies
Figured get house and get an income coming in then go after three of the other houses next door that are all the same price
Collin Hays
Get Out Now
16 March 2024 | 58 replies
This will put FURTHER pressure on the owners who paid way too much.So...if you are NOT in a good financial position with your rental - if you are relying on it for INCOME and things have gone sideways, GET OUT THIS SPRING OR EARLY SUMMER.
Chris Dawson
Kansas City Missouri Zip Codes
15 March 2024 | 167 replies
The east side is mostly industrial and low income housing.
Bayo Bello
Looking to invest in Bremen,GA
14 March 2024 | 3 replies
For MF properties in Bremen, you will most likely have to do a multi approach to sourcing the right deal: market to off market properties to see if they’re interested, watch the MLS, and look for properties that have enough land and zoning will allow an additional dwelling unit (ADU) like garage apartment or tiny house
Ane Deys
buying investment property in Detroit
15 March 2024 | 8 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Account Closed
Seeking Advice! How Much Should I Offer for the Remaining 2 Units in the Building?
16 March 2024 | 14 replies
I've recently had the roof replaced and fully updated the common areas.Here's a breakdown of the situation: The units are currently marketed as furnished rentals (cashflow well), and based on the current income of the 4 units I own, I anticipate that all 6 units combined will gross $182,400 annually.
Margaret Feit
Is Mortgage Interest Income in Partnership Subject to Self-Employment Tax?
12 March 2024 | 0 replies
The income from these loans makes up about 10% of the partnership's gross income for 2023 (but will likely be a larger percentage in future years).