Brick Biermann
What's My Next Move?
4 March 2024 | 3 replies
At this point the value of the house is still increasing but not at the same rate as the previous years for a number of obvious reasons (high Interest rates, age of house, etc.) and at this point I'm not sure what my next move should be since I don't like having all that equity tied up in the property and borrowing against it (HELOC) doesn't seem like a good idea since banks seem to be charging even higher than "normal" interest rates because the house is not my primary residenceIt's been almost 2 yrs since a I moved out of the house and I know my time is running out before we'll have to pay capital gains on the property if we chose to sell it [unless I do a 1031 exchange of course] but wondering what other options I might consider.
V.G Jason
South Carolina Properties
4 March 2024 | 10 replies
From my understanding there’s a limited amount of associations that allow it as well.
Jephte Augustin
Consider converting your garage into livable space for rent
4 March 2024 | 4 replies
Would my wife be onboard with that idea?
Brayden Zender
How to scale after your first property
4 March 2024 | 6 replies
If the property can cash flow or has potentials for appreciation, it would be a good idea to do a cash out refinance and move on to the next property.
Matt Eade
Combining separately owned properties into LLC?
4 March 2024 | 2 replies
The idea is for my sister and I to combine all three properties revenue, risk and maintenance in one LLC and pool the money to buy out the siblings AND keep separate deed/titles to our individual properties to do with as we wish after the 5 year buyout.
Josiah Cottingham
New Investor Here Looking for Help to Get Started!
4 March 2024 | 14 replies
Here's one idea:1.
Josh Trup
Advice on Finance setup for first rental property Duplex
4 March 2024 | 4 replies
It's also a good idea to open separate checking and savings accounts under the LLC's name for easier bookkeeping and tax filing.
Sonseeahray Harvin
Realtor, Investor & MLO in Metropolitan Detroit
4 March 2024 | 6 replies
Keep up the fantastic work, and feel free to reach out if you ever want to bounce ideas or discuss potential deals.
Michael Ablan
Short Term Rentals to Traveling Nurses
4 March 2024 | 30 replies
@Ken Latchers - I've had a least 50~ requests because I was trying to limit this strictly to traveling nursing staff.