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1 June 2024 | 5 replies
Someone not leased should not have a key, that is for sure, and that should be grounds for eviction.
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3 June 2024 | 8 replies
So with reclaimed depreciation you pay taxes on recapture plus any gain on that 1/10 of your property.You should have a CPA handle this - not a pop up one either, go to a real CPA and have them handle this correctly.
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3 June 2024 | 5 replies
So take this with the that era in mind.After property purchase I quickly found a tenant willing to pay a rental enough to pay all expenses and leave a couple hundred a month in my pocket.
3 June 2024 | 7 replies
The 50/50 profit split is legit.You pay a partner fee to get started.They pay for the houses, repairs, etc. and you split the profits 50/50.Buy box is residential 1-4 units and 65% to 70% of ARV (house plus cost of repairs total)
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3 June 2024 | 2 replies
(My plan is to consolidate that debt and pay off loc within 18 months, then potentially use it as down payment on another building)I’m feeling a little stuck and looking for some advice.
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30 May 2024 | 11 replies
So instead of paying off a car if you only have 10 payments left or can pay it down to 10 payments banks/lenders (omit) ignore the entire payment which helps lower your debt to income ratios DTI.
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3 June 2024 | 6 replies
My concern is on the eviction side, say if I rent all the 5 rooms fully furnished to my tenants and god forbid if one or two decide on not paying rents can I after giving them a 3 days notice simply have their stuff kept on the "curb"?
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3 June 2024 | 4 replies
The average job around here pays 25-50k a year which is not going to be enough to bolster capital, and fix and flips get bought up fast.
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3 June 2024 | 14 replies
My wife and I invest in real estate, the stock market, and both have high paying W-2s and obviously file extensions every year on our taxes.
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2 June 2024 | 13 replies
I pay off all my balances each month.