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7 February 2024 | 10 replies
.- We have no outstanding mortgage debt.Recently, we discussed financing options with a banker at PNC and learned that we might qualify for a HELOC up to $480k, albeit with a relatively high minimum interest rate of 9.31%.
8 February 2024 | 4 replies
A noteworthy tax loophole, particularly beneficial for those yet to attain Real Estate Professional Status, offers a strategic approach to potentially offsetting OR EVEN ELIMINATING the impact of high job-related taxes.At its core, this tax loophole revolves around discerning between passive and non-passive activities within the realm of rentals.
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9 February 2024 | 18 replies
You could even extend your search to cover the entire county.Feel free to reach out!
8 February 2024 | 2 replies
We fund with a combination of Hard Money and Private Money.Hard Money will provide financing for 90% of the purchase price and cover 100% of the rehabilitation costs based on a draw schedule.
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8 February 2024 | 0 replies
The process includes requesting background checks through TransUnion, covering criminal history, eviction history, and credit reports.
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7 February 2024 | 12 replies
Looking for accountant referrals in the Cleveland/Akron/NE Ohio area with strong familiarity in investment property related tax matters.I'm planning to purchase my first investment property shortly, but I need an accountant to do tax preparation for my current retail business this year (Form 1065) and personal returns.
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8 February 2024 | 27 replies
@Jay Hinrichs Thanks for the tip on the shoe covers.
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8 February 2024 | 111 replies
I’ve been seeing this word pop up more frequently on topics related to real estate.
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7 February 2024 | 9 replies
Right now you can buy those locations relatively cheap.
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7 February 2024 | 12 replies
You simultaneously have an Option to purchase your house back for 1.1 million and you have a lease that you will pay to your new landlord which will cover all their expenses.