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27 June 2024 | 26 replies
Q2: If I sold the new property in the future (after living there for at least 2 years) would it again be considered a primary residence and get the 250k cap gains deduction?
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27 June 2024 | 8 replies
They are saying if a person lived on the property for more than 14 days contiguously then their damages can't be considered vandalism.
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26 June 2024 | 4 replies
Since you're purchasing your first home, you likely don't have this rental history.Lease Agreement: While a signed lease agreement is a positive step, it might not be sufficient on its own for a lender to consider the rental income in your mortgage application.
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27 June 2024 | 11 replies
Then, with a large amount of equity in the property, we look to get into the BRRR strategy.What are some things I should consider, look more into?
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27 June 2024 | 0 replies
With these changes, the portfolio is now expected to be about -$2,300 / month cash flow.I am considering a few options and would love this communities opinions:Option 1) Sell property 1 to pay entire mortgage of property 5 (highest interest rate) -- Pro: Improves cash flow by ~$1,600 / month.
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27 June 2024 | 4 replies
We are searching for new tenants and are considering a tenant who has plenty of income and >800 credit.
27 June 2024 | 3 replies
Tapping into the equity of your mobile home portfolio can be challenging, but there are several approaches you can take:Home Equity Line of Credit (HELOC):Primary Residence: If you own a primary residence with substantial equity, consider taking out a HELOC to fund additional investments or improvements to your mobile homes.
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27 June 2024 | 17 replies
It's fantastic to hear that you're considering adding rental properties to your investment strategy.
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25 June 2024 | 4 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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27 June 2024 | 2 replies
Studies have shown that as many as three out of every five travelers are considering an RV trip for their next adventure.